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Unformatted text preview: reimbursement expenses. How much should the company budget for employee reimbursements if they want the probability of exceeding the budgeted amount to be only .20? 3. For the standard normal random variable z, compute the following probabilities. a. ) 83 . ( z P b. ) 57 . 1 ( -z P c. ) 44 . ( z P d. ) 23 . (- z P e. ) 20 . 1 ( < z P f. ) 71 . (- z P 4. The demand for a new product is estimated to be normally distributed with =200 and = 40. Let x be the number of units demanded and find the following probabilities. a. ) 220 180 ( x P b. ) 250 ( x P c. ) 100 ( x P d. ) 250 225 ( x P...
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This note was uploaded on 02/06/2012 for the course ECON 103 taught by Professor Gispy during the Spring '11 term at Prairie State College .
- Spring '11