Please answer the two problem separately and refer to its instructions. Thank you. Problem 1: (I prefer it computerized to better understand it) • Sketch the normal curve based on the given mean (u) and standard deviation (a): According to the Philippine Statistical Authority, the average inflation rate in the Philippines in 2017 is 3.2% having a standard deviation of 0.92%. Consider the data as normally distributed. Problem 2: A bank located in a business center wants to improve the process in serving customers during lunch break. They recorded the customers' time spent from entering the line until they finished their transaction. They found out that the customers spent an average time of 15.8 min with a SD of 1.25 min. If the time is normally distributed, what is the probability that a customer chosen at random will consume more than 15 minutes to finish his transaction in the bank? Problem 1 in the picture below.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 31PPS
icon
Related questions
Question
100%
Please answer the two problem separately and refer to its instructions. Thank you. Problem 1: (I prefer it computerized to better understand it) • Sketch the normal curve based on the given mean (u) and standard deviation (a): According to the Philippine Statistical Authority, the average inflation rate in the Philippines in 2017 is 3.2% having a standard deviation of 0.92%. Consider the data as normally distributed. Problem 2: A bank located in a business center wants to improve the process in serving customers during lunch break. They recorded the customers' time spent from entering the line until they finished their transaction. They found out that the customers spent an average time of 15.8 min with a SD of 1.25 min. If the time is normally distributed, what is the probability that a customer chosen at random will consume more than 15 minutes to finish his transaction in the bank? Problem 1 in the picture below.
Sketch the normal curve based on the given mean (u) and
standard deviation (o): According to the Philippine Statistical
Authority, the average inflation rate in the Philippines in 2017 is
3.2% having a standard deviation of 0.92%. Consider the data
as normally distributed.
Transcribed Image Text:Sketch the normal curve based on the given mean (u) and standard deviation (o): According to the Philippine Statistical Authority, the average inflation rate in the Philippines in 2017 is 3.2% having a standard deviation of 0.92%. Consider the data as normally distributed.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 1 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill