Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 21, 2024

A bank has determined that the monthly balances of the saving accounts of its customers are normally distributed with an average balance of $1,200 and

A bank has determined that the monthly balances of the saving accounts of its customers are normally distributed with an average balance of $1,200 and standard deviation of 250. If a sample of 36 customers is selected.

a. What is the probability that the average monthly balances are more $1,100?

b. What is the probability that the average monthly balances are between $1,255 and $1,275?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Understanding Analysis

Authors: Stephen Abbott

2nd Edition

1493927124, 9781493927128

More Books

Students also viewed these Mathematics questions

Question

★★★★★

Predict the products from each of the following reactions. (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) Hl (excess) Hi H,so,,H20 O MeONa O MeOH, cat. H2SO (1) EtSNa (2) H2o HCl (1 equiv.) MeONa (1)EtON...

Answered: 1 week ago

Question

★★★★★

For each series: i. Write out every term in the series ii. Hence find the value of the sum. 5 a (3 + 1) r=1 b 32 r=l sin(9070) r=1 2(3) 8 d 2 V=5

Answered: 1 week ago

Question

★★★★★

Do all people react to work pressures in the same way? Can work pressures be seen as challenge demands to one person and yet hindrance demands to another? What influences these reactions? Learning by...

Answered: 1 week ago

Question

★★★★★

The three divisions of Yummy Foods are Snack Goods, Cereal, and Frozen Foods. The divisions are structured as investment centers. The following responsibility reports were prepared for the three...

Answered: 1 week ago

Question

★★★★★

need help with the last part of the question Selected account balances for the year ended December 31 are provided below for Superior Company: Selling and administrative salaries Insurance, factory...

Answered: 1 week ago

Question

★★★★★

Concord Corporation produces corn chips. The cost of one batch is below: Direct materials Direct labor Variable overhead Fixed overhead $16 11 9 14 An outside supplier has offered to produce the corn...

Answered: 1 week ago

Question

★★★★★

Question 14 (4 points) As we discussed, project procurement management can require the use of risk management tools tailored to procurement. Which of the following is not a risk management tool a...

Answered: 1 week ago

Question

★★★★★

Probability: Mathematics The metrics of Human Spirit High School can participate in Drama, Choir or Sport. There are 120 matrics, of whom . 65 participate in Drama, 57 participate in Sport and 13...

Answered: 1 week ago

Question

★★★★★

Application 3) (4 marks) Due to employee safety negligence at a nuclear waste facility, 2000 tons of a radioactive element is spilled into the nearby pond. The half-life of the radioactive element is...

Answered: 1 week ago

Question

★★★★★

The Alpine House, Incorporated, is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: Sales Selling price per pair of skis Variable...

Answered: 1 week ago

Question

★★★★★

Ocean Fishers Ltd had a 22-foot fishing boat with an inboard motor that was purchased on April 9, 2015, for $74,000. The PPE subledger shows the following information regarding the boat b....

Answered: 1 week ago

Question

★★★★★

Pick and describe a brand of a product with a substantial service component. In your description, objectively discuss the most important branding elements and relate these to the service aspect of...

Answered: 1 week ago

Question

★★★★★

10. Choose someone you know and answer the following questions: a) Does this person have a low or high level of competence in a particular field? b) Do you have a low or high level of confidence in...

Answered: 1 week ago

Question

★★★★★

1. To gain insight into how a communication situation can be framed to maximize impact.

Answered: 1 week ago

Question

★★★★★

2. We can change the use and meaning of the concepts and thereby the meaning of the social reality to which they refer.

Answered: 1 week ago

Previous Question Next Question