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)
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