You were told that the mean score on a statistics exam is 75 with the scores normally distributed. In addition, you know the probability of a score between 55 and 60 is 4.41% and that the probability of a score greater than 90 is 6.68%. What is the probability of a score greater than 95?
What will be an ideal response?
2.27% or 0.0227
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All of the following payments made to employees would be currently deductible as business expenses except
a. Wages paid to employees for constructing a new building to be used in the business. b. Vacation pay paid to an employee when the employee chooses not to take a vacation. c. Reasonable salary paid to a corporate officer owning a controlling interest for services she rendered. d. Lump-sum payment made to the beneficiary of a deceased employee that is reasonable in relation to the employee's past services.
A mortgage often includes a clause requiring the lender's consent before another borrower may assume the mortgage. This clause is called a/ an:
A. power of sale clause B. subordination clause C. defeasance clause D. alienation clause (due-on-sale clause)