6-39SE

a.

From information given, the mean and standard deviation of cost of wedding are as
follows:

x  29858, s  5600

It is required to know, probability that wedding cost will be less than $20000.

Type the formula =NORMDIST(20000,29858,5600,TRUE) in cell numbered A1 in

Excel. This would yield resultant output to P( x  20000) . The screen shot is as follows:

Figure 6a-39SE P( x  20000) .

Therefore, the answer is: 0.0392 .

b.

From information given, the mean and standard deviation of cost of wedding are as
follows:

x  29858, s  5600

It is required to know, probability that wedding cost will be between $20000 and $30000.

Compute P  x  20000 and P  x  30000 , using NORMDIST function. Then subtract

the smaller one from the larger one.

Figure 6b-39SE P  20000  x  30000 .

Therefore, the answer is: 0.4709 .

c.

From information given, the mean and standard deviation of cost of wedding are as
follows:

x  29858, s  5600

It is required to know, the cost of a wedding if the wedding be among 5% most

expensive.

Use, NORMINV function. The value is reported in cell A1.

Figure 6c-39SE cost of wedding.

Therefore, the answer is: $39069.18 .