Answered: b) The number of newspapers sold daily…

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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b) The number of newspapers sold daily at all 7-eleven outlets nationwide is normally distributed with a mean of 350 and a standard deviation of 30.

i) Calculate the probability that less than 300 newspapers are sold in one day

ii) Determine the number of newspapers that the 7-eleven stores should stock every day such that the probability of running out on any particular day is 10%.

Features Features Normal distribution is characterized by two parameters, mean (µ) and standard deviation (σ). When graphed, the mean represents the center of the bell curve and the graph is perfectly symmetric about the center. The mean, median, and mode are all equal for a normal distribution. The standard deviation measures the data's spread from the center. The higher the standard deviation, the more the data is spread out and the flatter the bell curve looks. Variance is another commonly used measure of the spread of the distribution and is equal to the square of the standard deviation.

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