Poker Time the Amount of Time Spent by American Adults Playing

question 61

Short Answer

Poker Time
The amount of time spent by American adults playing Poker per week is normally distributed with a mean of 4 hours and standard deviation of 1.25 hours. ​ ​
-{Poker Time Narrative} Find the probability that a randomly selected American adult plays Poker for more than 5 hours per week.

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Definitions:

Normal Distribution

A symmetric, bell-shaped frequency distribution that can be defined by its mean and standard deviation.

Percentage Return

The profit or deficit achieved on an investment over a designated duration, measured as a percentage of the investment’s initial value.

Bond

A fixed income investment in which an investor loans money to an entity (corporate or governmental) that borrows the funds for a defined period at a variable or fixed interest rate.

Capital Gains Yield

The change in the price of a security or investment over a specified period, excluding dividends, expressed as a percentage of the investment's initial price.