II. Normal Distribution. The chief budget officer (CBO) of the huge management consulting firm 'Let Us Help You Increase Employee Efficiency' recently hired five new Assistant CBO's to streamline the company's five volume manual of departmental rules, regulations and procedures. So far, the Assistant CBO's and their support staff have informed the CBO that support staff have reported the number of pages of such rules and regulations across the company's fifty-seven regional locations follows a normal distribution with a mean of 52 pages and a standard deviation of 11 pages. The CBO has told the Asst CBOS start implementing budget cutbacks to those regional offices that have an overly extensive number of pages in their rules and regulations chapter lack the statistical expertise to further analyze these data, and the CBO, to appear objective, wants an informed outsider (you) to estimate, using the Normal Distribution, a) what percent of the city departments currently have the desired 50 or fewer pages of rules and regulations. The CBO also wants you to estimate b) what percentage of regional offices will soon have their budgets reduced because of excessive (greater than 63) pages of rules and regulations.
II. Normal Distribution. The chief budget officer (CBO) of the huge management consulting firm 'Let Us Help You Increase Employee Efficiency' recently hired five new Assistant CBO's to streamline the company's five volume manual of departmental rules, regulations and procedures. So far, the Assistant CBO's and their support staff have informed the CBO that support staff have reported the number of pages of such rules and regulations across the company's fifty-seven regional locations follows a normal distribution with a mean of 52 pages and a standard deviation of 11 pages. The CBO has told the Asst CBOS start implementing budget cutbacks to those regional offices that have an overly extensive number of pages in their rules and regulations chapter lack the statistical expertise to further analyze these data, and the CBO, to appear objective, wants an informed outsider (you) to estimate, using the Normal Distribution, a) what percent of the city departments currently have the desired 50 or fewer pages of rules and regulations. The CBO also wants you to estimate b) what percentage of regional offices will soon have their budgets reduced because of excessive (greater than 63) pages of rules and regulations.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Transcribed Image Text:II. Normal Distribution. The chief budget officer (CBO) of the huge management consulting firm 'Let Us
Help You Increase Employee Efficiency' recently hired five new Assistant CBO's to streamline the
company's five volume manual of departmental rules, regulations and procedures. So far, the Assistant
CBO's and their support staff have informed the CBO that support staff have reported the number of pages
of such rules and regulations across the company's fifty-seven regional locations follows a normal
distribution with a mean of 52 pages and a standard deviation of 11 pages. The CBO has told the Asst CBOS
start implementing budget cutbacks to those regional offices that have an overly extensive
number of pages in their rules and regulations chapter lack the statistical expertise to further
analyze these data, and the CBO, to appear objective, wants an informed outsider (you) to estimate,
using the Normal Distribution,
a) what percent of the city departments currently have the desired 50 or fewer pages of rules and
regulations. The CBO also wants you to estimate b) what percentage of regional offices will soon
have their budgets reduced because of excessive (greater than 63) pages of rules and regulations.
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