Normal distibution to approximate the binomial distribution
Use the normal distibution to approximate the binomial distribution. USA today reported that 15% of all books are of the romance genre. If a local bookstore sell 316 books on a given day. Find the probabiltiy that exactly 58 are romances?
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Manager at the furniture factory finds that is costs $2200 to produce 100 chairs in one day and $4600 to produce 300 chairs in one day. Determine the y-intercept of this line?
For the following statement, write the null hypothesis and the alternative hypothesis. Also label which one is the claim. A car manufacturer claims that their cars makes at least 35 miles per gallon of fuel.
The monthly utility bills are normally distributed with a mean value of $160 and a standard deviation of $25. A) find the probability of having a utility bill between $120-$180 dollars.
A random sample is obtained from a normal population with a mean of µ = 80 and a standard deviation of s = 8. Which of the following outcomes is more likely? Explain your answer.
A certain kind of appliance requires repairs on the average once every 2 years. Assuming that the times between repairs are exponentially distributed, what is the probability that such an appliance will work at least 3 years without repairs?
A realistic estimate for the probability of an engine failing on a transatlantic flight is 1/14,000. Using the probability and binomial probability formula to find the probabilities of 0, 1, 2, and 3 engine failures for a three-engine jet and the
Determine present value PV of annuity necessary to fund withdrawal given. (Suppose end-of-period withdrawals and compounding at same intervals as withdrawals.)
Find the probability function for Y.
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