Concept explainers
Given a standardized
a.
The probability that
Answer to Problem 1PS
The required probability is 0.9417.
Explanation of Solution
The Table E.2 given in the Appendix of the book provides the area under the cumulative standardized normal distribution from
From the table, the cumulative probability corresponding to the value 1.57 is 0.9418, which can be written as:
Thus, the probability is 0.9417.
b.
The probability that
Answer to Problem 1PS
The required probability is 0.0329.
Explanation of Solution
The probability that
From the table E.2, the cumulative probability corresponding to the value 1.84 is 0.9671, which can be written as,
Substituting the value in the above equation, the required probability is obtained as:
Thus, the probability is 0.0329.
c.
The probability that
Answer to Problem 1PS
The required probability is 0.0254.
Explanation of Solution
The probability that
From the table E.2,
Thus, the probability is 0.0254.
d.
The probability that
Answer to Problem 1PS
The required probability is 0.9746.
Explanation of Solution
The probability that
From part (a) and (b), it is obtained that
Thus, the probability is 0.9746.
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Chapter 6 Solutions
Basic Business Statistics, Student Value Edition
- Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw Hill