Balances following a normal curve

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A large population of overdue bills has balances that follow a normal curve. When we take a sample of 100 of these the average is $500 and the standard deviation is $100. (a) what statement can you make about the range $300 to $700? (b) what statement can you make about the range $480 to $520?

Reference no: EM13101305

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Balances following a normal curve : A large population of overdue bills has balances that follow a normal curve. When we take a sample of 100 of these the average is $500 and the standard deviation is $100. (a) what statement can you make about the range $300 to $700? (b) what state..
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