Mathematical Statistics and Data Analysis
Mathematical Statistics and Data Analysis
3rd Edition
ISBN: 9781111793715
Author: John A. Rice
Publisher: Cengage Learning
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Chapter 1.8, Problem 53P
To determine

Find the proportion of the claims filed each year come from high-risk clients.

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A company found that the daily sales revenue of its flagship product follows a normal distribution with a mean of $4500 and a standard deviation of $450. The company defines a "high-sales day" that is, any day with sales exceeding $4800. please provide a step by step on how to get the answers in excel Q: What percentage of days can the company expect to have "high-sales days" or sales greater than $4800? Q: 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) Provide answers in the yellow cells

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