The daily price of coffee is approximately normally distributed over a period of 15 days with a mean in April 2007 of $1.35 per pound (on the wholesale market) and standard deviation of $0.15. Find a price such that the probability in the next 15 days that the price will go below it will be 0.90.

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
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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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The daily price of coffee is approximately normally distributed over a period
of 15 days with a mean in April 2007 of $1.35 per pound (on the wholesale market) and standard deviation of $0.15. Find a price such that the probability in the next 15 days that the price will go below it will be 0.90.

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