Suppose That the Time Needed to Complete a Final Exam

question 60

Essay

Suppose that the time needed to complete a final exam is normally distributed with a mean of 85 minutes and a standard deviation of 18 minutes.
a. What is the probability that the total time taken by a group of 100 students will not exceed 8200 minutes?
b. What assumption did you have to make in your computations in part (a)?

---

Definitions:

Corporate Law

A body of law governing the rights, relations, and conduct of persons, companies, organizations, and businesses.

Partnerships

An authorized business setup involving two or more persons, sharing both the responsibilities of management and the financial gains.

Corporate Finance

The area of finance dealing with the sources of funding and the capital structure of corporations, and the actions that managers take to increase the value of the firm to the shareholders.

Ratified

Ratification refers to the formal approval or confirmation of an agreement or treaty, often after the act has been signed or provisionally applied.