The daily price of coffee is approximately normally distributed over a period of 15 days with a
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The daily price of coffee is approximately normally distributed over a period of 15 days with a mean in April 2007 of $1.35 per pound (on the wholesale market) and standard deviation of $0.15. Find a price such that the probability in the next 15 days that the price will go below it will be 0.90.
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X N135 15 2 090 probability of being z mea...View the full answer
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Complete Business Statistics
ISBN: 9780077239695
7th Edition
Authors: Amir Aczel, Jayavel Sounderpandian
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