Assume that a random variable is normally distributed with a mean of 1,500 and a variance of
Question:
a. What is the probability that a randomly selected value will be greater than 1,550?
b. What is the probability that a randomly selected value will be less than 1,485?
c. What is the probability that a randomly selected value will be either less than 1,475 or greater than 1,535?
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Step by Step Answer:
a Step 1 The mean and standard deviation of the random variable are 1500 and 18 respectively Step 2 ...View the full answer
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Related Book For 
Business Statistics A Decision Making Approach
ISBN: 9780133021844
9th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
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