A survey of 200 middle managers showed a distribution of the number of hours of exercise they

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A survey of 200 middle managers showed a distribution of the number of hours of exercise they participated in per week with a mean of 3.66 hours and a standard deviation of 4.93 hours.
a) According to the Normal model, what percent of managers will exercise fewer than one standard deviation below the mean number of hours?
b) For these data, what does that mean? Explain.
c) Explain the problem in using the Normal model for these data.
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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Business Statistics

ISBN: 9780321925831

3rd Edition

Authors: Norean Sharpe, Richard Veaux, Paul Velleman

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