Statistics for Management and Economics (Book Only)
Statistics for Management and Economics (Book Only)
11th Edition
ISBN: 9781337296946
Author: Gerald Keller
Publisher: Cengage Learning
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Chapter 9.1, Problem 38E
To determine

Probability that the employees will consume more than 240 cups per day.

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According to AAA, the price of a gallon of regular, unleaded gas across gas stations in North Carolina is normally distributed with a mean of $2.39 and a standard deviation of $0.15. Find the price such that the probability that a randomly chosen gas station charges more than that price is 5%. Group of answer choices $2.14 $2.39 $2.52 $2.64 thanks
The mean cost of domestic airfares in the United States rose to an all-time high of $395 per ticket. Airfares were based on the total ticket value, which consisted of the price charged by the airlines plus any additional taxes and fees. Assume domestic airfares are normally distributed with a standard deviation of $115. Use Table 1 in Appendix B. a.  What is the probability that a domestic airfare is $540 or more (to 4 decimals)? b.  What is the probability that a domestic airfare is $240 or less (to 4 decimals)? c.  What if the probability that a domestic airfare is between $300 and $490 (to 4 decimals)? d.  What is the cost for the 5% highest domestic airfares? (rounded to nearest dollar)
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