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What percentage of families spend on food and drink

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Question: The U.S. Bureau of Labor Statistics reports that the average annual expenditure on food and drink for all families is $5700 (Money. December 2003). Assume that annual expenditure on food and drink is normally distributed and that the standard deviation is S1500.

a. What is the range of expenditures of the 10% of families with the lowest annual spending on food and drink?

b. What percentage of families spend more than $7000 annually on food and drink?

c. What is the range of expencitures for the 5ck of families with the highest annual spending on food and drink?

Reference no: EM131455697

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