Question

In: Statistics and Probability

The number of new cars sold by a company in a financial year can be approximated...

The number of new cars sold by a company in a financial year can be approximated by a normal distribution with a mean of 125,000 cars and a standard deviation of 35,000 cars.

  1. If the company set a goal of selling more than 100,000 cars per year, calculate the z score.

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  1. If the company set a goal of selling more than 100,000 cars per year, calculate the probability the company will not reach the goal.

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  1. If the company set a goal of selling more than 100,000 cars per year, calculate the probability the company will reach the goal.

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  1. Find the number of cars sales that the company has only a 10% chance of achieving next year.

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Solutions

Expert Solution

orchestra answered 1 year ago
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