The Mean Amount Spent by a Family of Four on Food

question 119

Multiple Choice

The mean amount spent by a family of four on food per month is $500 with a standard deviation of $75. Assuming that the food costs are normally distributed, what is the probability that a family spends less than $410 per month?

• A) 0.2158
• B) 0.8750
• C) 0.0362
• D) 0.1151

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Definitions:

Financial Data

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