A biotechnology company partially finances 42 ongoing research projects at several North American universities. The annual support granted for each project is determined by the progress of the project and has a mean of $22,919 and a standard deviation of $8269. The company has an annual budget of $1,000,000 for supporting research activities What is the probability that the support granted for 42 projects will exceed the annual budget? Carry your intermediate computations to at least four decimal places. Report your result to at least three decimal places.

A biotechnology company partially finances 42 ongoing research projects at several North American universities. The annual support granted for each project is determined by the progress of the project and has a mean of $22,919 and a standard deviation of $8269. The company has an annual budget of $1,000,000 for supporting research activities What is the probability that the support granted for 42 projects will exceed the annual budget? Carry your intermediate computations to at least four decimal places. Report your result to at least three decimal places.

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter8: Sequences, Series,and Probability

Section8.7: Probability

Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....

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