The Canada Urban Transit Association has reported that the average revenue per passenger trip during a given year was $1 55 If we assume a normal distribution and a standard deviation of $0 20, what proportion of passenger trips produced a revenue of a less than $1 55 b between $1 15 and $1 95 c be...

Given x revenuepassenger trip x is normally distributed with m 155 s ...

The Canada Urban Transit Association has reported that the average revenue per passenger trip during a given

Question:

The Canada Urban Transit Association has reported that the average revenue per passenger trip during a given year was $1.55. If we assume a normal and a standard deviation of σ = $0.20, what proportion of passenger trips produced a revenue of
a. less than $1.55?
b. between $1.15 and $1.95?
c. between $1.35 and $1.75?
d. between $0.95 and $1.55?
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...