User Account

All Pages

What is the probability that a wedding costs

Assignment Help Finance Basics
Reference no: EM131238564

The XO Group Inc. conducted a survey of 13,000 brides and grooms married in the United States and found that the average cost of a wedding is $29,858 (XO Group website, January 5, 2015). Assume that the cost of a wedding is normally distributed with a mean of $29,858 and a standard deviation of $5600.

a. What is the probability that a wedding costs less than $20,000 (to 4 decimals)?

b. What is the probability that a wedding costs between $20,000 and $30,000 (to 4 decimals)?

c. For a wedding to be among the 5% most expensive, how much would it have to cost (to the nearest whole number)?

Reference no: EM131238564

Questions Cloud

Selected consumers recognize the brand name : What is the probability that all of the selected consumers recognize the brand name? The probability that all of the selected consumers recognize the brand name is .(Round to three decimal places as needed.)
What changes would you introduce in policing strategies : What process would you use to develop a new mission statement? Who would you include in the process? Is it wise to order officers to accept a mission statement? What changes would you introduce in policing strategies?
Generate the estimated ols line : a) Generate the estimated OLS line. b.) Interpret the estimated slope coefficient from your line in part a.
Is procedural or moral justice more applicable for this aim : Is procedural or moral justice more applicable for this aim? For which types of crimes and offenders is it most useful? Make sure to include any demographic information that may defend one or the other.
What is the probability that a wedding costs : a. What is the probability that a wedding costs less than $20,000 (to 4 decimals)? b. What is the probability that a wedding costs between $20,000 and $30,000 (to 4 decimals)?
Americans live in cities with population greater : Answer the following questions and round your answers to 2 decimal places. 84% of all Americans live in cities with population greater than 50,000 people. If 50 Americans are selected at random,
Find the final pressure, composition, and heat transfer : Assume the equilibrium mole fractions of oxygen and nitrogen are close to those in air. Find the equilibrium mole fraction for NO at 5400 R, 75 psia, disregarding dissociations.
How well do you think that these officials represent : Congressional committee membership, 3 examples of legislation he or she supported or sponsored, and campaign contribution information from his/her current or last elections (www.fec.gov (Links to an external site.) or www.opensecrets.org (Links to..
Value for the coefficient of determination : For each of the two scatterplots below, I have provided the value for the coefficient of determination. In each case, please compute the value for the correlation coefficient.

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd