The ticket sales for events held at the new civic center are believed to be normally distributed
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Question:
The ticket sales for events held at the new civic center are believed to be normally distributed with a mean of 16,000 and a standard deviation of 2,000. (You may need to use the appropriate appendix table or technology to answer this question. Round your answers to four decimal places.)
(a)What is the probability of selling more than 11,000 tickets?
(b)What is the probability of selling between 12,500 and 18,000 tickets?
(c)What is the probability of selling less than 13,500 tickets?
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Valuation The Art and Science of Corporate Investment Decisions
ISBN: 978-0133479522
3rd edition
Authors: Sheridan Titman, John D. Martin
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