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Assume that life expectancy in the U.S. is normally distributed with a mean of 73 years and a standard deviation of 9 years. What is the probability that you will live to be over 100 years old. Show all work PLEASE.
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Solution Summary
This solution contains step-by-step calculations to determine the probability of having a life expectancy of over 100 years old.
Solution Preview
There are two ways you can do this.
1. We first convert the normal distribution to a standard normal.
Z = (X - mu)/sigma, where Z is a standard normal (i.e. normal with mean 0 and variance 1), X is the normal ...
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