A pop music record firm wants the distribution of lengths of cuts on its records to have
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a. What percentage of the time will the average be 140 seconds or longer if the new release is randomly selected?
b. If the music firm wants 10 cuts to average no longer than 140 seconds less than 5% of the time, what must the population mean be, given that the standard deviation remains at 10 seconds?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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