A Normal Random Variable X Has a Mean of 17

question 46

Short Answer

A normal random variable X has a mean of 17 and a variance of 5.
A) Find the value x for which P(X ≤ x) = 0.0020.
B) Find the value of x for which P(X > x) = 0.0122.

• A) Find the value x for which P(X ≤ x) = 0.0020.
• B) Find the value of x for which P(X > x) = 0.0122.

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Definitions:

Unearned Service Revenue

Income received by a company for services that have not yet been performed or delivered.

Correcting Entry

An accounting entry made to correct an error in the financial statements.

Supplies Expense

The cost associated with the consumption of supplies used in the operations of a business during an accounting period.

Equipment

Fixed assets used in operations, such as machinery, computers, and furniture, which have a useful life of more than one accounting period.