A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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Historical data show that customers who download music from a popular Web service spend approximately $20 per month with a standard deviation of $4.

1. Find the probability that a customer will spend more than $15 per month.

2. If the company samples 100 customers, find the mean and standard deviation of the number who spend more than $15 per month.

3. What is the probability that more than 40% of them will spend more than $15 per month?

 

Tips: Use normal distribution to model sales. 

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