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Hospital expenses to sustain daily clinical services follow a Normal distribution with mean $3050 and standard deviation $200. What is the probability that the hospital's
Hospital expenses to sustain daily clinical services follow a Normal distribution with mean $3050 and standard deviation $200.
What is the probability that the hospital's daily expenses are between $2900 and $3150?
What hospital expenses will be exceeded with probability 0.05?
P(Z >?) = 0.05 y.95 = z.95 * + = 1.645 *200 + 3050 = $3379
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