Answer :
Answer:
18.67% of bills are greater than $131
Step-by-step explanation:
Problems of normally distributed samples are solved using the z-score formula.
In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the zscore of a measure X is given by:
[tex]Z = \frac{X - \mu}{\sigma}[/tex]
The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.
In this problem, we have that:
[tex]\mu = 109.72, \sigma = 24[/tex]
What proportion of bills are greater than $131
This proportion is 1 subtracted by the pvalue of Z when X = 131. So
[tex]Z = \frac{X - \mu}{\sigma}[/tex]
[tex]Z = \frac{131 - 109.72}{24}[/tex]
[tex]Z = 0.89[/tex]
[tex]Z = 0.89[/tex] has a pvalue of 0.8133
1 - 0.8133 = 0.1867
18.67% of bills are greater than $131