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.
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
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.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 1 images
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill