Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

A company's construction time follows a normal distribution. The mean time to construct a building is 100 days and the standard deviation is 20 days.

What is the probability that the company will finish the job in less than 125 days?

0.2029

0.5000

0.8944

0.1056

0.3944

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91017353

Have any Question?


Related Questions in Statistics and Probability

The everly equipment companys flange-lipping machine was

The Everly Equipment Company's flange-lipping machine was purchased 5 years ago for $70,000. It had an expected life of 10 years when it was bought and its remaining depreciation is $7,000 per year for each year of its r ...

Dave and ellen are newly married and living in their first

Dave and Ellen are newly married and living in their first house. The yearly premium on their homeowner's insurance policy is $400 for the coverage they need. Their insurance company offers a discount of 8 percent if the ...

State whether each of the following will increase decrease

State whether each of the following will increase, decrease, or have no effect on the population variance. (a) the sum of squares ( SS ) increases This change will increase the population variance. This change will decre ...

Can you please assist with this the stock price

Can you please assist with this. The stock price distribution is skewed to the right. The mean is $5 and the standard deviation is $6. At least what proportion of prices is located between 1.5 standard deviations. Hint: ...

Mrs salmon agrees to repay a loan by paying 500 at the end

Mrs. Salmon agrees to repay a loan by paying $500 at the end of each month for 5 years. The first payment is due at the end of the 6th month from today and the remaining payments will continue for another 59 months. If t ...

Suppose that you sample 59 high school baseball pitchers in

Suppose that you sample 59 high school baseball pitchers in one county and find that they have a mean fastball pitching speed of 80.00 miles per hour (mph) with a standard deviation of 4.98 mph. Find a 95% confidence int ...

A 2-year treasury security currently earns 197 percent over

A 2-year Treasury security currently earns 1.97 percent. Over the next two years, the real risk-free rate is expected to be 1.00 percent per year and the inflation premium is expected to be 0.60 percent per year. Calcula ...

Let be a random variable with probability

Let be a random variable with probability function  f ( x )=144/205 x^  2  , where  x =1,2,3,4. (a) Find the expected value of  X   (b) Find the expected value of  Y =2 X +3

Consider the following difference equation and initial

Consider the following difference equation and initial condition(s). In each case, verify that the expression given for an (i) is a solution of the equation (ii) satisfies the initial condition(s). (a) an = 2(1/3)n satis ...

What is a financial and economic issue in the healthcare

What is a financial and economic issue in the healthcare industry?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As