The sale price of a certain model of grand piano across the country is approximately normally distributed with a mean of $81,000 and a standard deviation of $3,900. a) What is the probability of a grand piano selling for more than $82,200 b) Consider a set of 20 grand pianos. What is the probability that 5 or less of the pianos sell for more than $82,200? c) As these pianos sell across the country, what is the probability that the first piano that sells for more than $82,200 is the third piano?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
The sale price of a certain model of grand piano
across the country is approximately normally
distributed with a mean of $81,000 and a standard
deviation of $3,900.
a) What is the probability of a grand piano selling for
more than $82,200
b) Consider a set of 20 grand pianos. What is the
probability that 5 or less of the pianos sell for more
than $82,200?
c) As these pianos sell across the country, what is the
probability that the first piano that sells for more
than $82,200 is the third piano?
Transcribed Image Text:The sale price of a certain model of grand piano across the country is approximately normally distributed with a mean of $81,000 and a standard deviation of $3,900. a) What is the probability of a grand piano selling for more than $82,200 b) Consider a set of 20 grand pianos. What is the probability that 5 or less of the pianos sell for more than $82,200? c) As these pianos sell across the country, what is the probability that the first piano that sells for more than $82,200 is the third piano?
Expert Solution
steps

Step by step

Solved in 5 steps with 8 images

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman