The distribution of grades in an introductory finance class is
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95.00 percent of the grades should fall beween the ranges (lower end) enter the lower end of the range and (upper end) enter the upper end of the range |
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- The sample mean amount of savings is $arrow_forwardQUEST A set of final examination grades in a calculus course was found to be normally distributed with a mean of 69 and a standard deviation of 9. The top 15% of the students taking the test scored will receive a grade of B. What is the cur score?arrow_forwardUse the magnitudes (Richter scale) of the 120 earthquakes listed in the accompanying data table. Use technology to find the range, variance, and standard deviation. If another value, 8.00, is added to those listed in the data set, do the measures of variation change much? Click the icon to view the table of magnitudes. Magnitudes Without the extra data value, the range is (Type an integer or decimal rounded to three decimal places as needed.) 3.28 2.82 2.83 1.96 1.70 2.55 O 2.45 3.40 3.95 1.59 2.91 1.63 2.53 2.42 2.97 2.93 3.99 2.54 2.43 1.83 2.17 2.35 2.00 3.01 2.80 3.86 2.93 2.08 1.86 2.35 2.38 3.45 3.43 1.55 2.54 1.49 2.19 3.09 2.28 3.25 1.98 1.91 2.42 2.95 2.14 2.33 2.56 2.89 1.48 1.91 2.68 1.81 3.65 2.70 1.45 3.61 3.14 2.57 1.51 1.41 2.83 2.87 2.18 1.67 3.21 1.39 1.75 2.35 1.14 2.36 2.48 1.79 2.00 3.03 1.94 2.42 1.86 2.25 2.33 3.17 4.01 2.08 1.49 2.31 2.33 2.56 2.59 2.21 2.75 2.45 2.73 3.58 2.81 2.80 3.25 1.76 4.68 3.23 2.38 2.00 3.83 2.39 2.85 3.38 2.69 2.31 2.83 2.78 2.43 2.34…arrow_forward
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- The IRS claims it takes an average of 3.7 hours to complete a 1040 tax form. Assume the time t the form is normally distributed with a standard deviation of 15 minutes or 0.25 hours. complete Use the Cumulative Z-Score Table to answer the following questions. Write your answer as a percent using 2 decimal places. What percent of people would you expect to complete the form in less than 3.45 hours? What percent of people would you expect to complete the form-in more than 3.45 hours? What percent of people would you expect to complete the form in less than 3.4 hours? What percent of people would you expect to complete the form in more than 3.4 hours? What percent of people would you expect to complete the form between 3.4 and 3.45 hours?arrow_forwardOne year consumers spent an average of $22 on a meal at a resturant. Assume that the amount spent on a resturant meal is normally distributed and that the standard deviation is $3.Complete parts (a) through (c) below. a. What is the probability that a randomly selected person spent more than $24?arrow_forwardz Scores LeBron James, one of the most successful basketball players of all time, has a height of 6 feet 8 inches, or 203 cm. Based on statistics from Data Set 1 “Body Data” in Appendix B, his height converts to the z score of 4.07. How many standard deviations is his height above the mean?arrow_forward
- In Exercise, we have provided simple data sets for you to practice the basics of finding measures of variation. For each data set, determine the a.range.b.sample standard deviation. 4, 0, 5arrow_forwardAssume that the readings on the thermometers are normally distributed with a mean of 0° and standard deviation of 1.00°C. A thermometer is randomly selected and tested. Draw a sketch and find the temperature reading corresponding to P34, the 84th percentile. This is the temperature reading separating the bottom 84% from the top 16%. Click to view page 1 of the table. Click to view page 2 of the table. Which graph represents P ? Choose the correct graph below. 84 A. В. OC. D. Ay X The temperature for P84 is approximately (Round to two decimal places as needed.)arrow_forwardOchoarrow_forward
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