FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The funds dispensed at a certain ATM follow a normal probability distribution with a mean of $7,500 per day and a standard deviation of $875

The funds dispensed at a certain ATM follow a normal probability distribution with a mean of $7,500 per day and a standard deviation of $875 per day. The machine is programmed to notify the bank if the amount is less than $6,300 or more than $8,700. If we randomly select one day this month, what is the probability that the machine will notify the bank?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Differential Topology

Differential Topology

Authors: Amiya Mukherjee

2nd Edition

3319190458, 9783319190457

More Books

Students also viewed these Mathematics questions

Question

★★★★★
Visit three Internet retail outlets and evaluate them on the dimensions of Internet retailer image discussed in the text. Are there other dimensions or components you might add? Explain.

Answered: 1 week ago

Question

★★★★★
2. Describe how to test hypotheses using univariate and bivariate statistics.

Answered: 1 week ago

Question

★★★★★
2. Be sure to make eye contact with the students.

Answered: 1 week ago

Question

★★★★★
A plane wall of a furnace is fabricated from plain carbon steel (k = 60 W/m K, p = 7850 kg/m 3 , c = 430 J/kg K) and is of thickness L = 10 mm. To protect it from the corrosive effects of the...

Answered: 1 week ago

Question

★★★★★
What is the taxable equivalent yield on a municipal bond with a yield to maturity of 4.5 percent for an investor in the 39 percent marginal tax bracket? 1.76 percent 4.50 percent 7.38 percent 11.54...

Answered: 1 week ago

Question

★★★★★
5. As the Marketing Director of Lamborghini, you need to assess the market in terms of the potential to introduce a new SUV / crossover (premium) model. However, given Lamborghini's current strategy,...

Answered: 1 week ago

Question

★★★★★
A mix of three materials into a process produces 0.9 litres of a finished product, with 10% loss of input in the process. Standard material costs are as follows per 0.9 litres of output. Material $ X...

Answered: 1 week ago

Question

★★★★★
Complete Cogburn's December 31, Year 4, balance sheet using the information below. Each of the items may be reported as either a current or noncurrent liability. Enter the appropriate amounts in the...

Answered: 1 week ago

Question

★★★★★
1. Scroll Inc., a wholly-owned subsidiary of Pirn, Inc. began operations on January 1, 2019. The following information is from the condensed 2019 income statements of Pirn and Scroll: Pirn Scroll...

Answered: 1 week ago

Question

★★★★★
Making sure that time is dedicated to problem - solving and post - performance review is an explicit part of: - Supportive learning environment. - Learning processes and practices. - Managers...

Answered: 1 week ago

Question

★★★★★
High-Low Method, Cost Formulas The controller of the South Charleston plant of Ravinia, Inc., monitored activities associated with materials handling costs. The high and low levels of resource usage...

Answered: 1 week ago

Question

★★★★★
7. Let A C R" be a compact set. Let a be a limit point of A. Let f be a real-valued function that is continuous on the set A \\ {a}. Prove that if lim f (x) = -co, then f attains a maximum on A \\...

Answered: 1 week ago

Question

★★★★★
11. Take a familiar problem as your starting point. a) Frame the problem so that it promotes aggressive behaviour. b) Frame the problem so that it promotes defensive behaviour.

Answered: 1 week ago

Question

★★★★★
2. Give examples from your everyday life that understanding the context is crucial to how you act.

Answered: 1 week ago

Question

★★★★★
4. Give examples of how a communication situation can change from a win-lose to a winwin situation.

Answered: 1 week ago

Previous Question Next Question