Question
A company's construction time follows a normal distribution. The mean time to construct a building is 100 days and the standard deviation is 20 days.
A company's construction time follows a normal distribution. The mean time to construct a building is 100 days and the standard deviation is 20 days. The construction team will receive a bonus if the job is completed is less than 75 days.
What is the probability that they will receive a bonus?
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
Quantitative Analysis For Management
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna
11th Edition
9780132997621, 132149117, 132997622, 978-0132149112
