Question: Week 5 Assignment: A... CURRENT OBJECTIVE Use the normal distribution to compute a value for a random variable given probability - Excel Question A firm's
Week 5 Assignment: A... CURRENT OBJECTIVE Use the normal distribution to compute a value for a random variable given probability - Excel Question A firm's marketing manager believes that total sales for next year will follow the normal distribution, with a mean of $3.2 million and a standard deviation of $250,000. Determine the sales level that has only a 3% chance of being exceeded next year. Use Excel, and round your answer to the nearest dollar. Provide your answer below
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
