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The sign on the lift in a building states 'Maximum capacity 1120 kg or 16 persons'. A statistics practitioner wonders what the probability is that 16 people would weigh more than 1120 kg. If the weights of the people who use the lift are normally distributed, with a mean of 68 kg and a standard deviation of 8 kg, what is the probability that the statistics practitioner seeks?
Could you please explain the reasoning sequence and formula to be used?
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
This report is specific for a core understanding for Financial Accounting and its relevant factors.
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