Determining the probability of mean annual snowfall

Reference no: EM1313774

Q1) Amount of annual snowfall in certain mountain range is normally distributed with mean of 109 inches, and standard deviation of 10 inches.

a) Determine the probability that mean annual snowfall during 40 randomly picked years will exceed 111.8 inches?

b) Find out the probability that mean annual snowfall during 40 randomly picked years will lies between 105 inches and 112 inches?

2) Introductory salaries for medical billing clerks are normally distributed with mean of $24,800 and standard deviation of $2850.

a) What percent of introductory salaries are less than $23,000?

b) What percent of introductory salaries lies between $21,250 and $23,750?

Reference no: EM1313774

Questions Cloud

Potential sources of financing : Finding additional borrowings required from bank at given current ratio - What other potential sources of financing are available to the company?

Ratio analysis of balance sheet and current ration : Ratio Analysis of balance sheet - Current ration, acid test ratio etc and Operating data for Gallup Corporation are presented

Invention and change in savings on equilibrium level : What kind of shocks could have caused this change to the money demand function? Determine the new interest rate and equilibrium level of output.

Objective type questions on selecting lease option : Objective type questions on selecting lease option and What is the net advantage to leasing NAL

Determining the probability of mean annual snowfall : Determine the probability that mean annual snowfall during 40 randomly picked years will exceed 111.8 inches?

Inventories reflected in the income statement : The cash generated from reducing inventories will be used to buy tax-exempt securities which have a? percent rate of return. What will your profit margin be after the change in inventories reflected in the income statement?

Find the work she does on the flight bag : A meter long 1.0 cm diameter nichrome heater wire is associated to a 12V battery. What is the magnetic field strength 1.0 cm away from the wire.

Calculating gdp and ni : The following is a list of figures for a given year in billions of dollars. Calculate the GDP and NI.

Spectrum represent the number of voters : The numbers on this spectrum represent the number of voters lying to the left of the number.

User Account

All Pages