Question

Monthly maintenance costs for a local branch of an international conglomerate, recorded over a long period of time and adjusted for inflation, tend to have a normal distribution with an average of $100*H2 and a standard deviation of $50*H. It is understood that unused funds are rolled over.

a. If $100(H+F-1)2 is budgeted for next month, what is the likelihood that this budgeted figure will be exceeded? Ans.___________

b. What is the likelihood that the maintenance cost will not exceed $100(H-L-1)2? Ans.___________

c. What is the likelihood that the maintenance next month’s budget will have an extra $50*(F+L)? Ans.___________

d. What is the likelihood that the maintenance cost won’t exceed $100(H-1)2? Ans.__________

H = 6

T = 27

F = 3

L = 7

S = 47

Please do it correctly and need to show steps

Answer 1