According to media research, the typical American listened to 195 hours of music in the last year.
Question:
a. If Dick is in the top 1% in terms of listening time, how many hours did he listen last year?
b. Assume that the distribution of times 4 years earlier also follows the normal probability distribution with a standard deviation of 8.5 hours. How many hours did the 1% who listen to the least music actually listen?
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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Related Book For
Statistical Techniques In Business And Economics
ISBN: 356
16th Edition
Authors: Douglas Lind, William Marchal
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