× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Science-Related Homework Help Mathematics Statistics and Probability
New Topic  
palacir999 palacir999
wrote...
Go to Answer
Posts: 815
Rep: 0 0
6 years ago
John is self employed and his monthly income varies. His monthly income is normally distributed with a mean of 3900 and a standard deviation of 320.
 
  He is trying to determine the amount B that he can budget for his total monthly expenses. He needs to be pretty certain that his mean monthly income will be greater than B. What amount should he budget if he wants only a 0.05 chance that his mean monthly income for the next year is less than B?
  A) 3582 B) 3748 C) 4052 D) 3719
Read 68 times
1 Reply
Replies
Answer verified by a subject expert
clew0012clew0012
wrote...
#1
Top Poster
Posts: 1137
Rep: 3 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
1

Related Topics

palacir999 Author
wrote...

6 years ago
Just got PERFECT on my quiz
2ne1_12345
wrote...

Yesterday
This calls for a celebration Person Raising Both Hands in Celebration
yen
wrote...

2 hours ago
Thanks for your help!!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  993 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 804
  
 754
  
 784
Your Opinion
Which of the following is the best resource to supplement your studies:
Votes: 249
Previous poll results: Does a gender wage gap exist in America?