Question
Flood damage in million rands is 3, 7, 9, 13 and 15 and the probability of occurrence out of 100 occurrences is 10,20,20,20 and 30
Flood damage in million rands is 3, 7, 9, 13 and 15 and the probability of occurrence out of 100 occurrences is 10,20,20,20 and 30 in percentages.
a) Compute and interpret the range of values that fall within three standard deviation of the mean. Assume you are working with a sample. (10) b) Construct the cumulative probability distribution graph of the data (10) Make sure your Y-axis and X-axis are scaled Please show all your steps. NO EXCEL CALCULATIONS
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Fundamentals Of Business Mathematics In Canada
Authors: F. Ernest Jerome, Jackie Shemko
3rd Edition
1259370151, 978-1259370151
