Suppose that daily sales at business follow a normal distribution with a mean of 6500 and standard deviation of 600. Determine the following probabilities. Show your work. What is the probability that daily sales will be greater than 7200? What is the probability that daily sales will be less than 5600? What is the probability that daily sales will be between 6200 and 7100? What is the probability that daily sales will be less than 5300 or greater than 7300?

Suppose that daily sales at business follow a normal distribution with a mean of 6500 and standard deviation of 600. Determine the following probabilities. Show your work. What is the probability that daily sales will be greater than 7200? What is the probability that daily sales will be less than 5600? What is the probability that daily sales will be between 6200 and 7100? What is the probability that daily sales will be less than 5300 or greater than 7300?

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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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.

Question

Suppose that daily sales at business follow a normal distribution with a mean of 6500 and standard deviation of 600. Determine the following probabilities. Show your work.

What is the probability that daily sales will be greater than 7200?

What is the probability that daily sales will be less than 5600?

What is the probability that daily sales will be between 6200 and 7100?

What is the probability that daily sales will be less than 5300 or greater than 7300?

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