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The prices of concert tickets are normally distributed with a mean of $105 and a standard deviation of $3. Based on this information, Calculate the
The prices of concert tickets are normally distributed with a mean of $105 and a standard deviation of $3. Based on this information,
- Calculate the probability that one randomly selected ticket has a price less than $98.
- Calculate the probability that one randomly selected ticket has a price greater than $111.
- Calculate the probability that one randomly selected ticket has a price between $104 and $109.
- A ticketis identified as a "gold ticket"(with additional properties) if it is included in thetop2% of all tickets (in terms of price). Find the minimum priceneeded to be qualified as "gold ticket".
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Applied Calculus
Authors: Stefan Waner, Steven Costenoble
7th Edition
1337514306, 9781337514309
