The average price of personal computers manufactured by the MNM company is $1,300 with a standard deviation of $240. It is known that the computer prices are normally distributed. (Complete in excel, show working wherever possible) 1. What is the probability that a computer has a price of at most $978. (Round answer to 4 decimals) 2. What is the probability that a computer has a price between $1000 and $1400. (Round answer to 4 decimals) 3. 20% of the computers have a price less than what number? (Round to 2 decimals, include $) 4. Computers with prices of more than $1600 receive a discount. What is the percentage of computers that receive a discount in? (Round answer to 2 decimals)
The average price of personal computers manufactured by the MNM company is $1,300 with a standard deviation of $240. It is known that the computer prices are
1. What is the probability that a computer has a price of at most $978. (Round answer to 4 decimals)
2. What is the probability that a computer has a price between $1000 and $1400. (Round answer to 4 decimals)
3. 20% of the computers have a price less than what number? (Round to 2 decimals, include $)
4. Computers with prices of more than $1600 receive a discount. What is the percentage of computers that receive a discount in? (Round answer to 2 decimals)
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