SOLUTION: Determaine the proability that next years production will exceed the production level 107.6. Mean = 212.1 and STDEV = 123.2997857.
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Question 220418: Determaine the proability that next years production will exceed the production level 107.6. Mean = 212.1 and STDEV = 123.2997857. Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! Determaine the proability that next years production will exceed the production level 107.6. Mean = 212.1 and STDEV = 123.2997857.
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Find the z-score of 107.6
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z(107.6) = (107.6-212.1)/123.3 = -0.8455
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P(x>107.6) = P(z>-0.8455)
Using your z-chart or your calculator to find the following:
P(z > -0.8455) = 0.8011
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Cheers,
Stan H.
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