Answered: a. What is the probability that the new…

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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Question

LightCastle Partners, a Bangladeshi business management consultant, employs a large number of data analysts to analyze the data in a survey project. The time it takes for new data analysts to learn the analysis procedure is known to have a normal distribution with a mean of 99 minutes and a standard deviation of 14 minutes.

a. What is the probability that the new data analysts will take more than 103 minutes to learn the analysis procedure?

b. What is the probability that the new data analysts will take between 65 to 134 minutes to learn the analysis procedure?

c. To maintain employee standars, LightCastle does not hire any analyst who fails to learn the process within a specified time. Therefore, what should be the specified time limit if they wish to retain at most 91.24% of new analysts?

Features Features Normal distribution is characterized by two parameters, mean (µ) and standard deviation (σ). When graphed, the mean represents the center of the bell curve and the graph is perfectly symmetric about the center. The mean, median, and mode are all equal for a normal distribution. The standard deviation measures the data's spread from the center. The higher the standard deviation, the more the data is spread out and the flatter the bell curve looks. Variance is another commonly used measure of the spread of the distribution and is equal to the square of the standard deviation.

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