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 94 minutes and a standard deviation of 17 minutes. a. What is the probability that the new data analysts will take more than 105 minutes to learn the analysis procedure? Answer in exact fraction, or rounded to at least 4 decimal places. b. What is the probability that the new data analysts will take between 50 to 95 minutes to learn the analysis procedure? Answer in exact fraction, or rounded to at least 4 decimal places. 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 71.49% of new analysts? Answer in exact fraction, or rounded to at least 2 decimal places. minutes

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 94 minutes and a standard deviation of 17 minutes. a. What is the probability that the new data analysts will take more than 105 minutes to learn the analysis procedure? Answer in exact fraction, or rounded to at least 4 decimal places. b. What is the probability that the new data analysts will take between 50 to 95 minutes to learn the analysis procedure? Answer in exact fraction, or rounded to at least 4 decimal places. 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 71.49% of new analysts? Answer in exact fraction, or rounded to at least 2 decimal places. minutes

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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