A biotechnology company partially finances 42 ongoing research projects at several North American universities. The annual support granted for each project isdetermined by the progress of the project and has a mean of $22,919 and a standard deviation of $8269. The company has an annual budget of $1,000,000 forsupporting research activities What is the probability that the support granted for 42 projects will exceed the annual budget?Carry your intermediate computations to at least four decimal places. Report your result to at least three decimal places.?

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Answered: A biotechnology company partially…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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A company selling a new type of laptop battery advertises that it has a méan lifetime of 5 years. If you were in charge of quality control at the factory, which one of the following standard deviations of battery life spans would you prefer? 2 months. O 2 years O 5 years 27
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Cody took his first physics exam and scored an 80. The population mean for this exam is 70, and the standard deviation is 5. What is the probability of selecting a person with a score greater than Cody’s?
The Aluminum Association reports that the average American uses 56.8 pounds of aluminum in a year. A random sample of 50 households is monitored for one year to determine aluminum usage. If the population standard deviation of annual usage is 12.3 pounds, what is the probability that the sample mean will be each of the following? Appendix A Statistical Tables d. Less than 55 poundse. Less than 49 pounds
A successful basketball player has a height of 6 feet 11 inches, or 211 cm. Based on statistics from a data set, his height converts to the z score of 5.17. How many standard deviations is his height above the mean?
An air condition company will spend an average of 64 minutes with a standard deviation of 19 minutes on a service call. Based on this, and assuming a normal distribution, 5% of service calls will take more than how much time to complete? Approximately 66.29 minutes O Approximately 32.75 minutes O Approximately 39.41 minutes O Approximately 95.25 minutes O Approximately 77.23 minutes
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One year consumers spent an average of $22 on a meal at a resturant. Assume that the amount spent on a resturant meal is normally distributed and that the standard deviation is $3.Complete parts (a) through (c) below. a. What is the probability that a randomly selected person spent more than $24?
The Aluminum Association reports that the average American uses 56.8 pounds of aluminum in a year. A random sample of 50 households is monitored for one year to determine aluminum usage. If the population standard deviation of annual usage is 12.3 pounds, what is the probability that the sample mean will be each of the following? Appendix A Statistical Tables a. More than 60 poundsb. More than 56 poundsc. Between 55 and 57 pounds

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