MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Question
8
**Understanding Annual Day Care Costs Using Normal Distribution** Assume that the annual day care cost per child is normally distributed. The mean cost is $9000, and the standard deviation is $1300. We aim to determine what percentage of day care costs are more than $8800 annually. To assist in this calculation, refer to the standard normal distribution tables linked below: - [View Page 1 of the Standard Normal Distribution Table](#) - [View Page 2 of the Standard Normal Distribution Table](#) **Calculation Instructions:** To find the percentage, use the Z-score formula: \[ Z = \frac{(X - \mu)}{\sigma} \] - \( X \) = $8800 - \( \mu \) (mean) = $9000 - \( \sigma \) (standard deviation) = $1300 After computing the Z-score, use the standard normal distribution table to find the corresponding percentage. **Enter your result:** \[ \_\_\_\_\% \] (Round to two decimal places as needed.)
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Transcribed Image Text:**Understanding Annual Day Care Costs Using Normal Distribution** Assume that the annual day care cost per child is normally distributed. The mean cost is $9000, and the standard deviation is $1300. We aim to determine what percentage of day care costs are more than $8800 annually. To assist in this calculation, refer to the standard normal distribution tables linked below: - [View Page 1 of the Standard Normal Distribution Table](#) - [View Page 2 of the Standard Normal Distribution Table](#) **Calculation Instructions:** To find the percentage, use the Z-score formula: \[ Z = \frac{(X - \mu)}{\sigma} \] - \( X \) = $8800 - \( \mu \) (mean) = $9000 - \( \sigma \) (standard deviation) = $1300 After computing the Z-score, use the standard normal distribution table to find the corresponding percentage. **Enter your result:** \[ \_\_\_\_\% \] (Round to two decimal places as needed.)
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