Concept explainers
a.
Find the probability
a.
Answer to Problem 21SE
The probability
Explanation of Solution
Calculation:
The given information is that the
The formula for finding probability
Substitute
Thus, the probability
Hence, it can be concluded that there is a 75.4%
b.
Find the probability
b.
Answer to Problem 21SE
The probability
Explanation of Solution
Calculation:
The formula for finding probability
Substitute
Thus, the probability
Hence, it can be concluded that there is an 84.4%
c.
Find the probability
c.
Answer to Problem 21SE
The probability
Explanation of Solution
Calculation:
The formula for finding probability
Substitute
Thus, the probability
Hence, it can be concluded that there is an 27.95%
d.
Find the probability
d.
Answer to Problem 21SE
The probability
Explanation of Solution
Calculation:
The formula for finding probability
Substitute
Thus, the probability
Hence, it can be concluded that there is an 8.24%
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Chapter 5 Solutions
Applied Statistics in Business and Economics
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