A public library has observed that the fine for overdue books is approximately normally distributed with a

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A public library has observed that the fine for overdue books is approximately normally distributed with a mean of $2.72 and a standard deviation of $.37.

(a) What is the probability that a fine will be greater than $3?

(b) What is the probability that a fine will be less than $2?

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Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

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Question Posted: Feb 11, 2024 12:00 AM

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A public library has observed that the fine for overdue books is approximately normally distributed with a

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To answer these questions we need to use the properties of the normal distribution Normal distribution is a type of continuous probability distributio...View the full answer

Statistics For Business And Financial Economics

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