Maurice Tutor

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Category > Computer Science Posted 19 Sep 2017 My Price 3.00

amount of money

Budget: Maintenance The amount of money spent weekly on cleaning, maintenance, and repairs at a large restaurant was observed over a long period of time to be approximately normally distributed, with mean μ = $615and standarddeviation σ = $42.

(a) If $646 is budgeted for next week, what is the probability that the actual costs will exceed the budgeted amount?

(b) Inverse Normal Distribution How much should be budgeted for weekly repairs, cleaning, and maintenance so that the probability that the budgeted amount will be exceeded in a given week is only 0.10?

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Maurice Tutor
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Status NEW Posted 19 Sep 2017 07:09 AM My Price 3.00

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