The normal distribution or bell-shaped curve from statistics provides an example of a continuous probability distribution...

The normal distribution or bell-shaped curve from statistics provides an example of a continuous probability distribution curve. While calculating the probability of the occurrence of an event, we find that the area under the curve between the desired range of profitability values is 0.438. What does this mean?

A. The probability of the occurrence of the event is 56.2 percent.

B. The probability of the occurrence of the event is 0.438 percent.

C. The probability of the occurrence of the event is 43.8 percent.

D. The probability of the occurrence can now be calculated by multiplying this number with the standard deviation.

E. The probability of the occurrence of the event is 0.562 percent.

Expert Solution

Since the given in the question that probability of occurrence of an event is 0.438 OR 43.8%

And that is probability of not occurring an event = 1-0.438 = 0.562 or 56.2 %

Hence option " C" is correct answer that is The probability of the occurrence of the event is 43.8 percent.

jeff jeffy answered 2 years ago

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