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bachelor in business administration
Polytechnic State University Sanluis
Jan-2006 - Nov-2010
CPA
Polytechnic State University
Jan-2012 - Nov-2016
Professor
Harvard Square Academy (HS2)
Mar-2012 - Present
Data from the Bureau of Labor Statistics 'Consumer Expenditure Survey (CE) show that annual expenditures for cellular phone services per consumer unit increased from $210 in 2001 to $608 in 2007. Let the standard deviation of annual cellular expenditure be $48 in 2001 and $132 in 2007.
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a. What is the probability that the average expenditure of 100 cellular customers in 2001 exceeded $200?
b. What is the probability that the average expenditure of 100 cellular customers in 2007 exceeded $600?
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