Standard normal distribution problem: A company found that the daily sales revenue of its flagship product follows a normal distribution with a mean of $5,000 and a standard deviation of $500. The company defines a "high-sales day" as any day with sales exceeding $5,750. What percentage of days can the company expect to have "high-sales days"? What is the sales revenue threshold for the bottom 10% of days? (please note that 10% refers to the probability/area under bell curve towards the lower tail of bell curve) Question 1: What percentage of days can the company expect to have "high-sales days"? (1 point) Question 2: What is the sales revenue threshold for the bottom 10% of days? (please note that 10% refers to the probability/area under bell curve towards the lower tail of bell curve) (1 point)
Standard normal distribution problem: A company found that the daily sales revenue of its flagship product follows a normal distribution with a mean of $5,000 and a standard deviation of $500. The company defines a "high-sales day" as any day with sales exceeding $5,750. What percentage of days can the company expect to have "high-sales days"? What is the sales revenue threshold for the bottom 10% of days? (please note that 10% refers to the probability/area under bell curve towards the lower tail of bell curve) Question 1: What percentage of days can the company expect to have "high-sales days"? (1 point) Question 2: What is the sales revenue threshold for the bottom 10% of days? (please note that 10% refers to the probability/area under bell curve towards the lower tail of bell curve) (1 point)
Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter11: Data Analysis And Displays
Section: Chapter Questions
Problem 5CT
Question
Standard normal distribution problem: A company found that the daily sales revenue of its flagship product follows a normal distribution with a mean of $5,000 and a standard deviation of $500. The company defines a "high-sales day" as any day with sales exceeding $5,750.
- What percentage of days can the company expect to have "high-sales days"?
- What is the sales revenue threshold for the bottom 10% of days? (please note that 10% refers to the probability/area under bell curve towards the lower tail of bell curve)
Question 1: What percentage of days can the company expect to have "high-sales days"? (1 point)
Question 2: What is the sales revenue threshold for the bottom 10% of days? (please note that 10% refers to the probability/area under bell curve towards the lower tail of bell curve) (1 point)
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