Households in the west spend an annual average

Assignment Help Finance Basics
Reference no: EM131435491

It has been reported that households in the West spend an annual average of $6050 for groceries.Assume a normal distribution with a standard deviation of $1500.

How much money would a Western household have to spend on groceries per year in order to be at the 99th percentile (i.e., only 1% of Western households would spend more on groceries)?

Reference no: EM131435491

Questions Cloud

What can you do in your classroom to support growth : Teachers must be real-time experts in identifying each student's self-efficacy. What can you do in your classroom to support growth and help ease student's anxieties?
Probability of not selecting a senior who is female : In a statistics class there are 30 seniors and 28 juniors; 17 of the seniors are female, and 17 of the juniors are males. If a student is selected at random, what is the probability of NOT selecting a senior who is female?
Determine how high jane score must have been : Suppose that combined verbal and math SAT scores follow a normal distribution with mean 850 and standard deviation 160. Suppose further that Jane finds out that she scored in the top 10% of SAT scores. Determine how high Jane's score must have bee..
A local retailer has a database that stores 10,000 : A local retailer has a database that stores 10,000 transactions of last summer. After analyzing the data, a data science team has identified the following statistics:
Households in the west spend an annual average : It has been reported that households in the West spend an annual average of $6050 for groceries.Assume a normal distribution with a standard deviation of $1500.
Demonstrate ethical scholarship in accurate representation : Develop a 15-slide with speaker notes Microsoft® PowerPoint® presentation to be presented to the CEO's executive committee that addresses how your chosen organization determines what quantity of labor to demand and what events could shift the dem..
Diastolic blood pressure for a random sample : The mean diastolic blood pressure for a random sample of 80 people was 88 millimeters of mercury. If the standard deviation of individual blood pressure readings is known to be 10 millimeters of mercury, find a 99% confidence interval for the true..
Standard deviation of the binomial distribution : Suppose 20 % of all balls produced by a particular manufacturer are less than 1.680 inches in  diameter, and assume that the number of such  balls, x, in a sample of three dozen balls can be adequately characterized by a binomial probability distr..
Discuss how you chose your topic : Discuss how you chose your topic and whether or not your question and/or topic changed depending on the articles you were able to find.

Reviews

Write a Review

Finance Basics Questions & Answers

  Determine whether the stereotype is accurate

Identify a stereotype that describes one group of college students and list one characteristic that presumably makes them different from other students.

  Leaders today must be able to create a compelling vision

creating a compelling visionleaders today must be able to create a compelling vision for the organization. they also

  What is the yield to maturity on a simple loan for 1

what is the yield to maturity on a simple loan for 1 million that requires a repayment of 2 million in five years

  Should the kruegers be ordered to pay

The Kruegers occupied the new structure but refused to make the last payment under the contract. Pisani filed a suit in a Connecticut state court to collect. Do you think Pisani substantially performed its obligations? Should the Kruegers be order..

  Determine the amortization schedule

Consider a 10-year, fixed-rate mortgage of $500,000 that has an interest rate of 12 percent. For simplification assume that payments are made annually.

  After that investors believe that the dividend will grow at

one year from today investors anticipate that groningen distillers inc. stock will pay a dividend of 3.25 per share.

  How much was spending in 2000

The Consumer Price Index had a value of 29.6 in 1960 and a value of 172.2 in 2000. In 1960 dollars, how much was spending in 2000?

  Describe the advantages of investing using adrs

Describe the advantages of investing using American Depository Receipts (ADRs). Help Mike Jones, one of Axetem's investment managers, with the following calculations.

  Moral dilemma identify the competing rights

1. Describe the moral dilemma identify the competing rights and how these make it a moral dilemma (1/2 page) 2. Describe the model, from this week's reading, you will use to make a decision and why you selected it (1/4 page)

  Prepare a 20x8 consolidated income statement

Assume that Go-med is a joint venture owned by Insure and four other venturers, that the acquisition differentials are valid, and that it has not yet adopted IFRS 11: Joint Arrangements.  Prepare a 20X8 consolidated income statement for Insure using ..

  What are the major differences of the three plans

What are the major differences of the three plans? What are the major similarities of the three plans? If you needed to choose, what would be the major advantages and disadvantagesof eachplan, in relation to your needs?

  Compute earnings per share for 2012 and 2011 for gerard and

the following information is available for gerard corporation.20122011current assets5400036000total

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd