Suppose it is known that the monthly sales volume (V) in units of a given product manufactured by the Ajax Corporation is well described by a Normal Probability Rule with a mean of 10,000 units and a standard deviation of 1000 units. Find the probability that the sales volume in a randomly selected month could range between 10,600 units and 12,000 units and show that it is: (a) 0.6 (b) 0.2515 (c) 0.8844 (d) 0.2312 (e) It cannot be Determined.
Suppose it is known that the monthly sales volume (V) in units of a given product manufactured by the Ajax Corporation is well described by a Normal Probability Rule with a mean of 10,000 units and a standard deviation of 1000 units. Find the probability that the sales volume in a randomly selected month could range between 10,600 units and 12,000 units and show that it is: (a) 0.6 (b) 0.2515 (c) 0.8844 (d) 0.2312 (e) It cannot be Determined.
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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Suppose it is known that the monthly sales volume (V) in units of a given product manufactured by the Ajax Corporation is well described by a Normal Probability Rule with a mean of 10,000 units and a standard
deviation of 1000 units. Find the probability that the sales volume in a randomly selected month could
(a) 0.6
(b) 0.2515
(c) 0.8844
(d) 0.2312
(e) It cannot be Determined.
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