Solve the following:
Q: The weekly demand for Fiat car sales follows a normal distribution with mean 50,000 cars and standard deviation 14,000 cars.
a) There is a 1% chance that Fiat will sell more than what number of cars next year?
b) What is the probability that Fiat will sell between 2.4 and 2.7 million cars during the next year?
| Demand for cars |
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| Weekly demand distribution - normal |
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| Mean |
100 |
<-- Enter Data |
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| Stdev |
1 |
<-- Enter Data |
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| Yearly demand distribution - normal (assuming demands in different weeks are independent) |
| Mean |
5200 |
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| Stdev |
7.211102551 |
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| Part (a) |
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| 99th percentile (millions) |
0.005 |
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| Part (b) |
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| Pr(between 2.4 and 2.7 million) |
0.000 |
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