Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 408 Weeks Ago, 4 Days Ago
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 29 Nov 2017 My Price 4.00

metric ton of cocoa

The daily price in dollars per metric ton of cocoa in 2007 was normally distributed with µ = $2,014 per metric ton and σ = $2.00. Find a price such that the probability that the actual price will be above it is 0.80. In the following problems, use a normal distribution to compute the required probabilities. In each problem, also state the assumptions necessary for a binomial distribution, and indicate whether the assumptions are reasonable.

 

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Maurice Tutor
(5)
Status NEW Posted 29 Nov 2017 09:11 PM My Price 4.00

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