Question

The amount of money spent weekly on cleaning, maintenance, and repairs at restaurant was observed over a long period of time to be approximately normally distributed, with mean $\mu = \$770$ and standard deviation of $\sigma = \$55$. How much should be budgeted for weekly repairs, cleaning, and maintenance so that probability that the budgeted amount will be exceeded in a given week is only 17%? (Round your answer to the nearest dollar.) $

          The amount of money spent weekly on cleaning, maintenance, and repairs at restaurant was observed over a long period of time to be approximately normally distributed, with mean $\mu = \$770$ and standard deviation of $\sigma = \$55$.
How much should be budgeted for weekly repairs, cleaning, and maintenance so that probability that the budgeted amount will be exceeded in a given week is only 17%? (Round your answer to the nearest dollar.)
$

The amount of money spent weekly on cleaning, maintenance, and repairs at restaurant was observed over a long period of time to be approximately normally distributed, with mean μ = $770 and standard deviation of σ = $55.
How much should be budgeted for weekly repairs, cleaning, and maintenance so that probability that the budgeted amount will be exceeded in a given week is only 17%? (Round your answer to the nearest dollar.)

Added by Milagros H.

Elementary Statistics a Step by Step Approach

Allan G. Bluman 9th Edition

Instant Answer

Solved by Expert Tim Thornhill

07/26/2023

Step 1

We can use a z-table or a calculator to find that the z-score is approximately -0.95. Show more…

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The amount of money spent weekly on cleaning, maintenance, and repairs at restaurant was observed over a long period of time to be approximately normally distributed, with mean µ = $770 and standard deviation of σ = $55. How much should be budgeted for weekly repairs, cleaning, and maintenance so that probability that the budgeted amount will be exceeded in a given week is only 17%? (Round your answer to the nearest dollar.) $