Biotech Co tracks their daily profits and has found that the distribution of profits is approximately...

Biotech Co tracks their daily profits and has found that the distribution of profits is approximately normal with a mean of $22,400.00 and a standard deviation of about $650.00. Using this information, answer the following questions.
For full marks your answer should be accurate to at least three decimal places

Compute the probability that tomorrow's profit will be:

a.) less than $22,315.50 or greater than $22,348.00

b.)between $23,589.50 and $23,693.50

c.) greater than $21,217.00

d.) between $20,502.00 and $21,932.00

e.) less than $22,666.50 or greater than $23,895.00

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Expert Solution

orchestra answered 1 year ago

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