Introductory Statistics
1st Edition
ISBN: 9781938168208
Author: Barbara Illowsky, Susan Dean
Publisher: OpenStax College
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Textbook Question
Chapter 7, Problem 72H
Which of the following is NOT TRUE about the theoretical distribution of sums?
a. The
b. The area under the curve is one.
c. The curve never touches the x-axis.
d. The curve is skewed to the right.
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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
Chapter 7 Solutions
Introductory Statistics
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