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Data for a particular subdivision near downtown Houston indicate that

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Data for a particular subdivision near downtown Houston
indicate that the average price per square foot for a home
is $100 with a standard deviation of $5 (normally
distributed). What is the probability that the average price
per square foot for a home is greater than $110?8) 9) The
time required to travel downtown at 10 a.m. on Monday
morning is known to be normally distributed with a mean of
40 minutes and a standard deviation of 5 minutes. What is
the probability that it will take less than 40 minutes? 10)
The time required to travel downtown at 10 a.m. on
Monday morning is known to be normally distributed with a
mean of 40 minutes and a standard deviation of 5 minutes.
What is the probability that it will take less than 35
minutes? The following is a payoff table giving profits for
various situations.
Solution
Data for a particular subdivision near downtown Houston
indicate that the average price per square foot for a home
is $100 with a standard deviation of $5 (normally
distributed). What is the probability that the average price
per square foot for a home is greater than $110?
A) 0
B) 0.023
C) 0.841
D) 0.977

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E) None of the above
Answer: B
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======================================
The time required to travel downtown at 10 a.m. on
Monday morning is known to be normally distributed with a
mean of 40 minutes and a standard deviation of 5 minutes.
What is the probability that it will take less than 40
minutes?
A) 0.50
B) 0.20
C) 0.80
D) 1.00
E) None of the above
Answer: A
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======================================
The time required to travel downtown at 10 a.m. on
Monday morning is known to be normally distributed with a
mean of 40 minutes and a standard deviation of 5 minutes.
What is the probability that it will take less than 35
minutes?
A) 0.84134

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Data for a particular subdivision near downtown Houston indicate that the average price per square foot for a home is $100 with a standard deviation of $5 (normally distributed). What is the probability that the average price per square foot for a home is greater than $110?8) 9) The time required to travel downtown at 10 a.m. on Monday morning is known to be normally distributed with a mean of 40 minutes and a standard deviation of 5 minutes. What is the probability that it will take less than 40 minutes? 10) The time required to travel downtown at 10 a.m. on Monday morning is known to be normally distributed with a mean of 40 minutes and a standard deviation of 5 minutes. What is the probability that it will take less than 35 minutes? The following is a payoff table giving profits for various situations. Solution Data for a particular subdivision near downtown Houston indicate that th ...
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Anonymous
Awesome! Perfect study aid.

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