According to media research, the typical American listened to 195 hours of music in the last year.

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According to media research, the typical American listened to 195 hours of music in the last year. This is down from 290 hours 4 years earlier. Dick Trythall is a big country and western music fan. He listens to music while working around the house, reading, and riding in his truck. Assume the number of hours spent listening to music follows a normal probability distribution with a standard deviation of 8.5 hours.
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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Statistical Techniques In Business And Economics

ISBN: 356

16th Edition

Authors: Douglas Lind, William Marchal

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