1. The profit in a business on any given day has an expected value of 300 euro and a standard deviation of 50 euro. (a) Find the approximate probability that the total profit in 30 days of business exceeds 9500 euro. (b) Find the approximate probability that the average profit in 30 days is less than 290 euro.
1. The profit in a business on any given day has an expected value of 300 euro and a standard deviation of 50 euro. (a) Find the approximate probability that the total profit in 30 days of business exceeds 9500 euro. (b) Find the approximate probability that the average profit in 30 days is less than 290 euro.
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter13: Probability And Calculus
Section13.CR: Chapter 13 Review
Problem 60CR
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