SOLUTION: Good Time Movie Theaters has studied the spending habits of customers at their concession counters to find the data normally distributed with a mean of $13.40 and a standard deviat
Question 440003: Good Time Movie Theaters has studied the spending habits of customers at their concession counters to find the data normally distributed with a mean of $13.40 and a standard deviation of $2.10. A theater manager wants to know the probability of a customer spending more than $17.50 at the concession stand. Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
Hi
*Note:
z = (17.50-13.40)/2.10 = 1.9524
P(z > 1.9524) = 1 - NORMSDIST(1.9524)= 1 - .9746 = .0254