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Identify the Excel functions used for calculating probabilities of normal and standard normal distributions, as well as the functions for determining an X or Z value from a probability and discuss how they are different. Give an example (with some assumed numbers) of a business scenario that could be normally distributed and state what the proper Excel function would be to calculate the probabilities of <X, probability of X between 2 values, and probability >X.
a quarter back completes 34 of his passes. we want to observe this quarterback during one game to see how many pass
Parts delivery Repairing a copy machine requires that two parts be delivered from two suppliers. The probability that part A will be delivered on Thursday.
The sales manager wants to award the sales representatives who earn the largest commissions a bonus of $1,000. He can award a bonus to 25 percent of the representatives. What is the cutoff point between those who earn a bonus and those who do not..
jean researcher is studying the percentage of ethanol in dwi arresteess blood. she tests 16 subjects and finds a mean
In 2013 these scientists counted 175,500 ducks, of which 33,100 were Mallards. Find a point estimate for the proportion of Mallards that were observed during the 2013 winter duck count.
Should you choose to take this retest? Explain.- Now explain to your friend what his decision should be and why.
Using trial and error on the prior probabilities in the Acme problem, find values of them that make EVSI equal to 0.
a manufacturer of disk controllers subjects each new controllers to rigorous testing. of newly assembled controllers 84
What values can the correlation coefficient take on? What is our interpretation of these values?
Suppose that the mortgage payments of all homeowners have a normal distribution. What is the mean monthly mortgage paid by all homeowner?
a warped coin has probability of 0.5 of landing heads probability of 0.3 of landing tails and probability 0.2 of
john goes hunting for wild ducks every saturday. he always loads his shotgun with three shells. from past experience it
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