The daily price in dollars per metric ton of cocoa in 2007 was normally distributed with
Question:
The daily price in dollars per metric ton of cocoa in 2007 was normally distributed with µ = $2,014 per metric ton and σ = $2.00. Find a price such that the probability that the actual price will be above it is 0.80.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (16 reviews)
X N2014 2 2 080 probability of being z means ...View the full answer
Answered By
Nimlord Kingori
2023 is my 7th year in academic writing, I have grown to be that tutor who will help raise your grade and better your GPA. At a fraction of the cost on other sites, I will work on your assignment by taking it as mine. I give it all the attention it deserves and ensures you get the grade that I promise. I am well versed in business-related subjects, information technology, Nursing, history, poetry, and statistics. Some software's that I have access to are SPSS and NVIVO. I kindly encourage you to try me; I may be all that you have been seeking, thank you.
4.90+
360+ Reviews
1070+ Question Solved
Related Book For
Complete Business Statistics
ISBN: 9780077239695
7th Edition
Authors: Amir Aczel, Jayavel Sounderpandian
Question Posted:
Students also viewed these Statistics questions
-
Is it possible to find a number such that xn dx is convergent?
-
Find a z0 such that P(- z0 < z < z0) = .8262.
-
Find a value such that the probability that the standard normal random variable will be above it is 0.85.
-
For each of these utility functions, find the optimal consumption choices z and y for a consumer with budget w = 1, who faces prices pz = 0.05 and Py = 0.3. Are the goods substitutes or complements,...
-
MNLogs harvested logs (with no inputs from other companies) from its prop¬erty in northern Minnesota. It sold these logs to MNLumber for $1,500 and MNLumber cut and planed the logs into lumber....
-
Units-of-Production Method och elpazzapakita Data Company OAD purchases an amusement facility on June 1, 2021. The material and engineering costs amount to $34,500,000, fees and permits total...
-
5. Explain how and why the best owner of a business might change over time.
-
The following occurred during June at Youngs Professional Counseling. INSTRUCTIONS Analyze each transaction. Use T accounts to record these transactions and be sure to put the name of the account on...
-
Is the employment-at-will doctrine fair to both employer and employee?
-
1. What lessons can you draw from this case regarding what students, employers, and faculty can use social media such as Facebook during the recruitment and selection process. 2. What policies, if...
-
The daily price of coffee is approximately normally distributed over a period of 15 days with a mean in April 2007 of $1.35 per pound (on the wholesale market) and standard deviation of $0.15. Find a...
-
The manager of a restaurant knows from experience that 70% of the people who make reservations for the evening show up for dinner. The manager decides one evening to overbook and accept 20...
-
Suppose that 20% of the college seniors support an increase in federal funding for care of the elderly. If 20 college seniors are randomly selected, what is the probability that at most 3 of them...
-
What type of corporate governance does Uniqlo utilise? (e.g. Agency Relationships, Ownerships Concentration, Membership of the Board of Directors (insiders, related outsiders, outsiders)). What type...
-
Air at a dbt (dry bulb temprature) of 30 C and a relative humidity of 30% is conveyed through a heated dryer where it is heated to a dbt of 80 C. Then it is conveyed through a bed of granular pet...
-
Do you think McDonald's entry strategy was appropriate for the Indian market? Explain there strategy according to Indian market.
-
Please do detailed market strategy and target market for this device as described below. the target area is east African market. "Safe locater" is a company that will be formed committed to develop...
-
how do you define technical performance measures(TPM)? what are the key differences between design department parameters (DDP) andTechnical performance measures (TPM). References if possible
-
An aircraft passes overhead at \(3 \mathrm{~km}\) altitude. The aircraft flies at \(M=1.5\). Assume the air temperature is constant at \(20^{\circ} \mathrm{C}\). Find the air speed of the aircraft. A...
-
1. Firms may hold financial assets to earn returns. How the firm would classify financial assets? What treatment will such financial assets get in the financial statements in accordance with US GAAP...
-
Write down the momentum integral equation and explain the physical meaning of the terms?
-
The frequency histogram in the next column represents the number of alcohol-related trafï¬c fatalities by state (including Washington, D.C.) in 2008 according to the National Highway...
-
For each variable presented, state whether you would expect a histogram of the data to be bell-shaped, uniform, skewed left, or skewed right. Justify your reasoning. (a) Annual household incomes in...
-
For each variable presented, state whether you would expect a histogram of the data to be bell-shaped, uniform, skewed left, or skewed right. Justify your reasoning. (a) Number of alcoholic drinks...
-
(1 point) Bill makes annual deposits of $1900 to an an IRA earning 5% compounded annually for 14 years. At the end of the 14 years Bil retires. a) What was the value of his IRA at the end of 14...
-
Which of the following concerning short-term financing methods is NOT CORRECT? Short-term bank loans typically do not require assets as collateral. Firms generally have little control over the level...
-
Kingbird Corporation is preparing its December 31, 2017, balance sheet. The following items may be reported as either a current or long-term liability. 1. On December 15, 2017, Kingbird declared a...
Study smarter with the SolutionInn App