a. A company produces lightbulbs whose life follows a normal distribution, with mean 1200 hours and standard deviation 250 hours. If we choose alightbulb at random, what is the probability that its lifetime will be between 900 and 1300 hours? (answer in three decimal places)b. An instructor has found that the time spent by students on a particular homework assignment follows a normal distribution with mean 150 minutesand standard deviation 40 minutes. The probability is 0.8 that a randomly chosen student spends less than how many minutes on this assignment.(answer in one decimal place),

a. Given:- Mean=1200 hours Standard deviation=250 hours To calculate:- Probability that lifetime…

a. A company produces lightbulbs whose life follows a normal distribution, with mean 1200 hours and standard deviation 250 hours. If we choose a lightbulb at random, what is the probability that its lifetime will be between 900 and 1300 hours? (answer in three decimal places)4 b. An instructor has found that the time spent by students on a particular homework assignment follows a normal distribution with mean 150 minutes and standard deviation 40 minutes. The probability is 0.8 that a randomly chosen student spends less than how many minutes on this assignment. (answer in one decimal place),

a. A company produces lightbulbs whose life follows a normal distribution, with mean 1200 hours and standard deviation 250 hours. If we choose a lightbulb at random, what is the probability that its lifetime will be between 900 and 1300 hours? (answer in three decimal places)4 b. An instructor has found that the time spent by students on a particular homework assignment follows a normal distribution with mean 150 minutes and standard deviation 40 minutes. The probability is 0.8 that a randomly chosen student spends less than how many minutes on this assignment. (answer in one decimal place),

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter17: Making Decisions With Uncertainty

Section: Chapter Questions

Problem 17.2IP

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