The funds dispensed at a certain ATM follow a normal probability distribution with a mean of $7,500
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Question:
The funds dispensed at a certain ATM follow a normal probability distribution with a mean of $7,500 per day and a standard deviation of $875 per day. The machine is programmed to notify the bank if the amount is less than $6,300 or more than $8,700. If we randomly select one day this month, what is the probability that the machine will notify the bank?
Related Book For
Statistical Techniques in Business and Economics
ISBN: 978-0078020520
16th edition
Authors: Douglas Lind, William Marchal
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