7. Circus A traveling circus has found that its average attendance per performance is 6000 people...

7. Circus

A traveling circus has found that its average attendance per performance is 6000 people with a

standard deviation of 1500. Assume that attendance is normally distributed.

a)

Suppose that a town asks the circus to come, but the only available site in town holds a

maximum of 8000 people. What is the probability that this site will reach capacity?

b)

If the circus loses money on 20% of its performances, what attendance must it have to

break even for a performance?

Expert Solution

milcah answered 10 months ago

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