Suppose that you must establish regulations concerning the maximum number of people who can occupy an elevator.

Question:

Suppose that you must establish regulations concerning the maximum number of people who can occupy an elevator. A study indicates that if eight people occupy the elevator, the probability of the total weight of the eight people is approximately normally distributed with a mean equal to 1200 pounds and a standard deviation of 99 pounds. What is the probability that the total weight of eight people exceeds 1300 pounds? 1500 pounds?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...