Math Problem Statement
Financial Burden for a Divorce The average amount of financial losses in a divorce is $23,943, according to one survey. Assume that the variable is approximately normally distributed and the standard deviation is $3000. If a randomly selected divorced person is chosen, find the probabilities. Use a TI-83 Plus/TI-84 Plus calculator and round the answers to at least four decimal places. p(x>14000)=
Solution
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Math Problem Analysis
Mathematical Concepts
Statistics
Normal Distribution
Probability
Formulas
Z = (X - μ) / σ
P(X > a) = 1 - P(Z < (a - μ) / σ)
Theorems
Central Limit Theorem
Properties of Normal Distribution
Suitable Grade Level
Grades 10-12
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