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Normal Probability

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Team Marketing Report, a sports-business newsletter, estimates that the average total cost for a family of four to attend a major league baseball game is $132. Assume that a normal distribution applies and that the standard deviation is $10.

What is the probability that the cost will exceed $150?

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Solution Summary

The solution provides step by step method for the calculation of probability using the Z score. Formula for the calculation and Interpretations of the results are also included.

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