Assume that the monthly sales for Toyota passenger cars follow a normal distribution with mean 5000 cars
Question:
Assume that the monthly sales for Toyota passenger cars follow a normal distribution with mean 5000 cars and standard deviation 1400 cars.
a. There is a 1% chance that Toyota will sell more than what number of passenger cars during the next year? (You can assume that sales in different months are probabilistically independent.)
b. What is the probability that Toyota will sell between 55,000 and 65,000 passenger cars during the next year?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Business Analytics Data Analysis And Decision Making
ISBN: 9780357109953
7th Edition
Authors: S. Christian Albright, Wayne L. Winston
Question Posted: