Question
A firm's marketing manager believes that annual sales revenue for the firm next year can be modelled using a normal distribution with a mean of
A firm's marketing manager believes that annual sales revenue for the firm next year can be modelled using a normal distribution with a mean of $10.5 million and a standard deviation of $2.5 million. SHOW BRIEF WORKINGS TO SUPPORT YOUR ANSWERS.
a) What is the probability that the firm's annual sales revenue will be less than $10 million?
b) What is the probability that the firm's annual sales revenue will fall between $10 million and $15 million?
c) Determine the level of annual sales revenue that has a probability of 0.0250 beneath it.
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Graphical Approach To Precalculus With Limits A Unit Circle Approach, A
Authors: John E Hornsby, Margaret L Lial, Gary K Rockswold
5th Edition
0321899806, 9780321899804
