Suppose That the Time Needed to Complete a Final Examination

question 34

Essay

Suppose that the time needed to complete a final examination in a particular course is normally distributed with a mean of 60 minutes and a standard deviation of 10 minutes.
a.Use Crystal Ball to simulate 1000 test scores.
b.What is the probability of completing a test in less than 60 minutes?
c.What is the probability of completing a test between 50 minutes and 70 minutes?

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Definitions:

Involuntary Bankruptcy

A legal process initiated by creditors to force a debtor into bankruptcy proceedings, in order to recoup debts owed by liquidating the debtor's assets.

Nonprofit Organizations

Organizations that operate for charitable, educational, cultural, scientific, or social welfare purposes rather than for profit.

Means Test

An analysis conducted to determine an individual's financial eligibility for certain government assistance programs, based on income and assets.

Current Income

Current Income signifies the revenue or income generated from investments or employment within a specified current period, typically considered for personal or business financial analysis.