In: Statistics and Probability
Assume that the traffic to the web site of Smiley’s People, Inc., which sells customized T-shirts, follows a normal distribution, with a mean of 4.46 million visitors per day and a standard deviation of 780,000 visitors per day.
(a) | What is the probability that the web site has fewer than 5 million visitors in a single day? If needed, round your answer to four decimal digits. |
(b) | What is the probability that the web site has 3 million or more visitors in a single day? If needed, round your answer to four decimal digits. |
(c) | What is the probability that the web site has between 3 million and 4 million visitors in a single day? If needed, round your answer to four decimal digits. |
(d) | Assume that 85% of the time, the Smiley’s People web servers can handle the daily web traffic volume without purchasing additional server capacity. What is the amount of web traffic that will require Smiley’s People to purchase additional server capacity? If needed, round your answer to two decimal digits. |
million visitors per day |
All units are going to be in millions
a)
The following information has been provided:
μ=4.46, σ=0.78
We need to compute Pr(X≤5). The corresponding z-value needed to be computed:
Therefore,
The following is obtained graphically:
b)
We need to compute Pr(X≥3). The corresponding z-value needed to be computed is:
Therefore, we get that
The following is obtained graphically:
c)
The following is obtained graphically:
d)
We need to find x such that P(X<x) = 0.85
The following is obtained graphically:
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