Question: i need help solving this problem Pg. 313 #38 Use either the calculator functions or the table to answer the following Round probabilities to 4
i need help solving this problem

Pg. 313 #38 Use either the calculator functions or the table to answer the following Round probabilities to 4 decimal places and money to the nearest whole dollar, Use -10000 for negative infinity and 10000 for positive infinity. Remember probabilities below 0.05 or 5% are to be labeled unusual. Budget: Maintenance The amount of money spent weekly on cleaning, maintenance. and repairs at a large restaurant was observed over a long period of time to be approximately normally distributed, with u = $ 615 and standard deviation o = $ 42. A. If $646 is budgeted for next week, what is the probability that the actual costs will exceed the budgeted amount? Probability Statement Answer: B. Inverse Normal Distribution How much should be budgeted for weekly repairs, cleaning, and maintenance so that the probability that the pudgeted amount will be exceeded in a given week is only 0.10? Round to the whole dollar
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
