Math Problem Statement

The XO Group Inc. conducted a 2015 survey of 13000 brides and grooms married in the United States and found that the average cost of a wedding is $29858 (XO Group website). Assume that the cost of a wedding is normally distributed with a mean of 29858 and a standard deviation of 5600.

a. What is the probability that a wedding costs less than $20000 (to 4 decimals)?

b. What is the probability that a wedding costs between 20000 and 30000 (to 4 decimals)?

c. For a wedding to be among the 5% most expensive, how much would it have to cost (to the nearest whole number)?

Solution

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Math Problem Analysis

Mathematical Concepts

Statistics
Normal Distribution
Probability

Formulas

Z-score formula: Z = (X - μ) / σ
Percentile calculation using Z-scores

Theorems

68-95-99.7 Rule (Empirical Rule)

Suitable Grade Level

College Statistics or Advanced High School (Grades 11-12)