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Hertza is a car rental company with a large fleet of automobiles. Assume the number of physical damage losses for Hertza is normally distributed with
Hertza is a car rental company with a large fleet of automobiles. Assume the number of physical damage losses for Hertza is normally distributed with a mean of 550 and a standard deviation of 100. Use the Excel Norm.Dist function to find the probability that:
- Less than 450 losses will occur
- More than 700 losses will occur
- Between 460 and 520 losses will occur
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