Solve the following problems, assuming that the data are normally distributed. (a) The standard deviation of the
Question:
Solve the following problems, assuming that the data are normally distributed.
(a) The standard deviation of the distribution is 12.56, and 71.97% of the values are greater than 56. What is the value of µ?
(b) The mean of the distribution is 352, and only 13.35% of the values are less than 300. What is the value of σ?
DistributionThe 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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a s 1256 If 7197 of the values are greater than 56 the...View the full answer
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Related Book For 
Business Analytics And Statistics
ISBN: 9780730363330
1st Edition
Authors: Ken Black, John Asafu Adjaye, Paul Burke, Nelson Perera, Carl Sherwood, Saleh A. Wasimi
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