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Statistics
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Business Statistics
Quiz 6: The Normal Distribution
Path 4
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Question 41
Short Answer
You were told that the amount of time lapsed between consecutive trades on the New York Stock Exchange followed a normal distribution with a mean of 15 seconds. You were also told that the probability that the time lapsed between two consecutive trades to fall between 16 to 17 seconds was 13%. The probability that the time lapsed between two consecutive trades would fall below 13 seconds was 7%. What is the probability that the time lapsed between two consecutive trades will be between 14 and 15 seconds?
Question 42
Short Answer
The amount of tea leaves in a can from a particular production line is normally distributed with μ = 110 grams and σ = 25 grams. What is the probability that a randomly selected can will contain between 100 and 120 grams of tea leaves?
Question 43
Short Answer
The amount of tea leaves in a can from a particular production line is normally distributed with μ = 110 grams and σ = 25 grams. What is the probability that a randomly selected can will contain less than 100 grams of tea leaves?
Question 44
Short Answer
The true length of boards cut at a mill with a listed length of 10 feet is normally distributed with a mean of 123 inches and a standard deviation of 1 inch. What proportion of the boards will be over 125 inches in length?