The average price of personal computers manufactured by MNM Company is $1,200 with a
standard deviation of $220. Furthermore, it is known that the computer prices manufactured by
MNM are normally distributed.
What is the probability that a randomly selected computer will have a price of at least
$1.530?
 Computers with prices of more than $1,750 receive a discount. What percentage of the
computers will receive the discount?
What are the minimum and the maximum values of the middle 95% of computer prices?
If 513 of the MNM computers were priced at or below $647.80, how many computers were
produced by MNM?

Answer rating: 100% (QA)

To solve the given questions we can use the concept of the normal distribution and the properties of the standard normal distribution 1 Probability of a computer having a price of at least 1530 To fin... View the full answer