Assume that the weekly demand for Ford car sales follows a normal distribution with mean 50,000 cars

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Assume that the weekly demand for Ford car sales follows a normal distribution with mean 50,000 cars and standard deviation 14,000 cars.
a. There is a 1% chance that Ford will sell more than what number of cars during the next year?
b. What is the probability that Ford will sell between 2.4 and 2.7 million cars during the next year?

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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Data Analysis and Decision Making

ISBN: 978-0538476126

4th edition

Authors: Christian Albright, Wayne Winston, Christopher Zappe

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