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The Length of Conversations Between Supervisors and Workers in a Certain

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Essay

The length of conversations between supervisors and workers in a certain manufacturing industry is normally distributed with a mean of 4.0 minutes and a standard deviation of 0.8 minutes.
a.Use the normal curve table to determine the percentage of conversations that are longer than 4.4 minutes,longer than 5 minutes,longer than 3 minutes,and shorter than 2 minutes.
b.Illustrate your answer with a sketch.
c.Explain your answers to a person who is familiar with mean,standard deviation,and Z scores,but not with normal curve percentages.

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Definitions:

State Regulatory Agency

A governmental agency at the state level responsible for the oversight, regulation, and enforcement of specific laws within various sectors, including finance, health, and utilities.

Dodd-Frank Act

A comprehensive set of financial regulations passed in 2010 in the United States, aimed at preventing the recurrence of financial crises by increasing transparency and accountability in the financial system.

Financial Companies

Businesses that provide financial services to commercial and retail customers, such as banks, investment companies, insurers, and loan providers.

Interest Rate

The percentage of a sum of money charged for its use, typically expressed as an annual rate.

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