Math Problem Statement
A set of magical wand prices are normally distributed with a mean of [50] dollars and a standard deviation of [4] dollars. A blackthorn wand has a price of [45.20] dollars.
What proportion of wand prices are lower than the price of the blackthorn wand? You may round your answer to four decimal places.
Solution
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Math Problem Analysis
Mathematical Concepts
Normal Distribution
Z-score
Cumulative Probability
Formulas
Z-score formula: Z = (X - μ) / σ
Theorems
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Suitable Grade Level
Advanced High School
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