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Statistics
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Basic Business Statistics Study Set 3
Quiz 6: The Normal Distribution and Other Continuous Distributions
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Question 41
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?
Question 42
Short Answer
The probability that a standard normal variable Z is positive is .
Question 43
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 between 121 and 124 inches?
Question 44
Short Answer
You were told that the amount of time elapsed between consecutive trades on a foreign stock exchange market followed a normal distribution with a mean of 15 seconds.You were also told that the probability that the time elapsed between two consecutive trades to fall between 16 to 17 seconds was 13%.The probability that the time elapsed between two consecutive trades would fall below 13 seconds was 7%.What is the probability that the time elapsed between two consecutive trades will be between 15 and 16 seconds?
Question 45
Short Answer
The amount of tea leaves in a can from a production line is normally distributed with μ= 110 grams and σ= 25 grams.Approximately 83% of the can will have at least how many grams of tea leaves?