A management consultant found that the amount of time per day spent by executives performing tasks that

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A management consultant found that the amount of time per day spent by executives performing tasks that could be done equally well by subordinates followed a normal distribution with a mean of 2.4 hours.
It was also found that 10% of executives spent over 3.5 hours per day on tasks of this type. For a random sample of 400 executives, find the probability that more than 80 spend more than 3 hours per day on tasks of this type. Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Statistics For Business And Economics

ISBN: 9780132745659

8th Edition

Authors: Paul Newbold, William Carlson, Betty Thorne

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