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A survey of pet owners found that on average, they spend \( \$ 1,225 \) annually per pet, with a standard deviation of \( \$ 275 \), Between which two amounts would you expect \( 95 \% \) of the survey's respondents to spend annually per pet if the sample is approximately normal and comes from a normally distributed population? \( \$ 675 \) and \( \$ 1,500 \) \( \$ 675 \) and \( \$ 1,775 \) \( \$ 950 \) and \( \$ 1,500 \) \( \$ 950 \) and \( \$ 1,775 \)

Ask by Ford Erickson. in the United States
Feb 28,2025

Upstudy AI Solution

Tutor-Verified Answer

Answer

You would expect 95% of the respondents to spend between \$675 and \$1,775 annually per pet.

Solution

Since the data is assumed to be normally distributed, we can use the approximate 95% rule (empirical rule) which states that about 95% of the values lie within 2 standard deviations of the mean. Step 1: Calculate the lower bound.   Lower bound = Mean − 2 × Standard Deviation   = 1225 − 2 × 275   = 1225 − 550   = 675 Step 2: Calculate the upper bound.   Upper bound = Mean + 2 × Standard Deviation   = 1225 + 2 × 275   = 1225 + 550   = 1775 Thus, you would expect approximately 95% of the respondents' annual spending per pet to be between $675 and $1,775. The correct answer is: $675 and $1,775.

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The Deep Dive

To find the range where approximately 95% of respondents fall in a normally distributed population, we can use the empirical rule, also known as the 68-95-99.7 rule. According to this rule, approximately 95% of the data lies within two standard deviations of the mean. In this case, the mean annual spending is \( \$ 1,225 \) and the standard deviation is \( \$ 275 \). So, we calculate: 1. Two standard deviations below the mean: \(\$ 1,225 - 2 \times \$ 275 = \$ 1,225 - \$ 550 = \$ 675\) 2. Two standard deviations above the mean: \(\$ 1,225 + 2 \times \$ 275 = \$ 1,225 + \$ 550 = \$ 1,775\) Therefore, you would expect that 95% of the survey's respondents spend between \( \$ 675 \) and \( \$ 1,775 \). So the correct answer is: \( \$ 675 \) and \( \$ 1,775 \)

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