Calculate probability of a randomly selected person sleeps

Assignment Help Microeconomics
Reference no: EM13190946

According to the Sleep Foundation, the average night's sleep is 6.8 hours. Assume the standard deviation is .7 hours and that the probability distribution is normal. 

a. What is the probability that a randomly selected person sleeps more than 8 hours (to 4 decimals)? 


b. What is the probability that a randomly selected person sleeps 6 hours or less (to 4 decimals)? 


c. Doctors suggest getting between 7 and 9 hours of sleep each night. What percentage of the population gets this much sleep

Reference no: EM13190946

Questions Cloud

Define single stream exits the fuel cell : Assume that only a single stream exits the fuel cell. What is the flow rate of each of the species leaving the fuel cell? Not that the flow rates given to correspond a fuel cell rate at approximately 50kW using 2004 technology.
How many turns must the rollers make to accomplish the move : The load on this beam and rollers apparatus had to be moved distance 20 units. If the circumgerance of each of the rollers is 0.8 units, how many turns must the rollers make to accomplish the move?
What is the expected return on her portfolio : Hillary can invest her family savings in two assets: riskless treasury bills or a risky vacation home real estate project on an Arkansas river. The expected return on treasury bills is 4 percent with a standard deviation of zero.
State the inventor proposed the revolutionary design : The inventor proposed the revolutionary design of the new engine based on the heat stored in the ocean. The inventor plan is to mount it on a boat in San Francisco and set off on a journey across the Pacific Ocean. Heat is extracted from the ocean
Calculate probability of a randomly selected person sleeps : According to the Sleep Foundation, the average night's sleep is 6.8 hours Assume the standard deviation is .7 hours and that the probability distribution is normal.
What must be true about the image of triangle jkl : What must be true about the image of triangle JKL under a dilation with a scale factor of 2/3 and center of dilation at point C?
How long is a side of the playground : a walkway forms the diagonal of a square playground. The walkway is 24 m long. to the nearest tenth of a meter how long is a side of the playground.
Compare the consumers budget constraint under policies : Instead of a lump-sum payout, this policy aims to make the firms more efficient. The proposed policy uses the 10 units to fund investments in productivity. Therefore the firm does not recieve a lump sum transfer. Rather, the firm now has a 5% incr..
What are the field dimensions : a rectangular field is five times as long as it is wide. if the perimiter of the field is 480yards, what are the field's dimensions?

Reviews

Write a Review

Microeconomics Questions & Answers

  Explain inefficiency of government operations

Find a newspaper or magazine article that highlights when the political process works poorly (not too hard). Write a 1-page paper on the economic reasons for this performance

  Which credit card has the best deal

Victory Visa, Magnificent Master Card, and Amazing Express are credit card companies that charge different interest on overdue accounts. Victory Visa charges 26% compounded daily, Magnificent Master Card charges 28% compounded weekly, and Amazing ..

  Why the company thought they would be flatter or steeper

Why does google care weather people think it is large or small? Do highway billboards actually provide competition for Google. Briefly explain. Please state wheather the actual demand were a)to the right or to the left the where the company thou..

  Cost and average total cost of producing units

Assume the firm can produce 5000 units of out put by combining its fixed capital with 100 units of labor and 450 units of raw materials. What are the total cost and average total cost of producing 5000 units of output?

  Determine the two equal deposits

Determine the two equal deposits, the first deposit required now and the second deposit at the end of year 6, so that you can withdraw $2,000 at the end of each year for the next 12 years. Assume that money earns 4% interest, compounded monthly. T..

  Explaining business strategy

Give an example of how you would use this information to set the price for your product in the market place and explain one factor in detail about how shifting demand and supply curves makes market demand estimation difficult

  Variable costs and economies of scale

What business will you go into, and what will comprise your fixed and variable costs? How could your business take advantage of economies of scale?

  Marginal cost of the merged firm

If the merged firm were able to exploit economies of scale it would affect costs, may be even marginal costs. Assume the marginal cost of the merged firm was not 40, but 30. Is the merger profitable in this case?

  Explanation to price discrimination

Which of the following is NOT a condition for price discrimination? Different groups of consumers should be charged differing prices for the same product. The firm's demand curve should be downward sloping.

  Write out final regression equation

Write out your final regression equation, with standard error in parentheses under each coefficient. Also, present statistic - F and 2R for this final regression.

  Price of burger kings whopper hamburger declines

The price of Burger King's Whopper hamburger declines and mcDonald's distributes coupons for $1.00 off the purchase of a Big Mac.

  Effect of the investment schedule

Describe how each of following will affect consumption and saving schedules as they relate to GDP or the investment schedule, other things equal,

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd