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Let NW be a random variable representing the number of widgets produced in a month. Suppose the expected number of widgets produced by a manufacturer
Let NW be a random variable representing the number of widgets produced in a month. Suppose the expected number of widgets produced by a manufacturer during a month is 2000. c. Find an upper bound on the probability this month's production will exceed 3200 widgets. Hint, use Markov's inequality, Chapter 3, page 74. d. Suppose the standard deviation of a month's production is known to be 35 widgets. Find a and b such that the number of widgets produced this month falls in the interval a
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