Assume that the monthly sales for Toyota passenger cars follow a normal distribution with mean 5000 cars

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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?

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Related Book For  answer-question

Business Analytics Data Analysis And Decision Making

ISBN: 9780357109953

7th Edition

Authors: S. Christian Albright, Wayne L. Winston

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