56%K Sun 11:08 PM a G. Secure https://newconnect.mheducation.com/flow/connect.ht
ID: 2928097 • Letter: 5
Question
56%K Sun 11:08 PM a G. Secure https://newconnect.mheducation.com/flow/connect.htm ontinuous Ran Saved Help Save & Exit Submit Check my work A movie theatre's daily revenue follows a normal distribution, with an average daily revenue of $3,277. The standard deviation for the distribution is $865. What is the probability that the theatre generates more than $4,000 in revenue on a randomly selected day? Round your Z value(s) to two decimal places. Do not round any other intermediate calculations. Enter your answer as a decimal rounded to four places. Probability:Explanation / Answer
P(X > 4000) = P((X - mean)/SD > (4000 - 3277)/865)
= P(Z > 0.84)
= 1 - P(Z < 0.84)
= 1 - 0.7995 = 0.2005
Related Questions
Hire Me For All Your Tutoring Needs
Integrity-first tutoring: clear explanations, guidance, and feedback.
Drop an Email at
drjack9650@gmail.com
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.