The average playing time of compact discs in a large collection is 35 minutes, and the standard
Question:
a. What value is 1 standard deviation above the mean? 1 standard deviation below the mean? What values are 2 standard deviations away from the mean?
b. Without assuming anything about the distribution of times, at least what percentage of the times is between 25 and 45 minutes?
c. Without assuming anything about the distribution of times, what can be said about the percentage of times that are either less than 20 minutes or greater than 50 minutes?
d. Assuming that the distribution of times is approximately normal, about what percentage of times are between 25 and 45 minutes? less than 20 minutes or greater than 50 minutes? less than 20 minutes?
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...
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Related Book For
Statistics The Exploration & Analysis Of Data
ISBN: 9780840058010
7th Edition
Authors: Roxy Peck, Jay L. Devore
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