Answered

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the profit realized by the sales of a particular item follows a normal distribution with a mean of $0.5 million per quarter and a standard deviation of $0.1 million per quarter. what percent of the quarters can be expected to see a profit of at least $0.5 million?

Sagot :

98% of the quarters can be expected to see a profit of at least $0.5 million.

What is a standard deviation?

In statistics, the standard deviation is a measure of the amount of variation or dispersion of a set of values. A low standard deviation indicates that the values tend to be close to the mean of the set, while a high standard deviation indicates that the values are spread out over a wider range.

Z score = 0.7-0.5 = 0.2

σ = 0.1

P-value from Z-Table:

P(x<0.5) = 0.97725

             ≈ 98%

Hence, 98% of the quarters can be expected to see a profit of at least $0.5 million.

To learn more about standard deviation, visit:

https://brainly.com/question/475676

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