Math Problem Statement
The average amount of financial losses in a divorce is $21,457, according to one survey. Assume that the variable is approximately normally distributed and the standard deviation is $3,000. If a randomly selected divorced person is chosen, find the probability that a person has spent less than $26,000?
Solution
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Math Problem Analysis
Mathematical Concepts
Probability
Normal Distribution
Z-score
Formulas
Z = (X - μ) / σ
Theorems
Standard Normal Distribution
Suitable Grade Level
Grades 11-12
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