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5. The annual profits of small business owners in the town of Brownville has a normal...

5. The annual profits of small business owners in the town of Brownville has a normal distribution with mean $60,000 and standard deviation $5000. 8½ points a. Calculate Z scores for the following four profits: $50,000, $55,000, $65,000, and $70,000. b. What proportion of the distribution falls below the profit of $50,000? c. What proportion of the distribution falls between the profits of $55,000 and $50,000? d. What proportion of the distribution falls between the profit of $60,000 and $65,000? e. What proportion of the distribution falls above the profit of $65,000? f. What is the probability that a randomly selected business owner in this distribution has a profit between $50,000 and $70,000? [Hint: Remember when I am asking proportion, I mean the area under the curve in proportion as provided in the Normal Curve Table at the back of the Book].

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Thanks! Happy Chegging! :)

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