Step 1 :We are given a normal distribution with a mean of $100 and a standard deviation of $13. We are asked to find the probability that a randomly selected utility bill is more than $120.
Step 2 :To solve this, we need to convert the $120 to a z-score, which is a measure of how many standard deviations an element is from the mean. The formula for calculating the z-score is: \(z = \frac{X - \mu}{\sigma}\) where: \(X\) is the value we are interested in, \(\mu\) is the mean, and \(\sigma\) is the standard deviation.
Step 3 :Substituting the given values into the formula, we get: \(z = \frac{120 - 100}{13} = 1.5384615384615385\)
Step 4 :After calculating the z-score, we can use a z-table to find the probability that a randomly selected utility bill is more than $120. The probability is approximately 0.061967902836371214
Step 5 :Rounding to four decimal places as needed, the final answer is: \(\boxed{0.0620}\)