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Author Question: A major cell phone service provider has determined that the number of minutes that its customers use ... (Read 52 times)

sdfghj

  • Hero Member
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  • Posts: 552
on: Jun 24, 2018
A major cell phone service provider has determined that the number of minutes that its customers use their phone per month is normally distributed with a mean equal to 445.5 minutes with a standard deviation equal to 177.8 minutes.
 
  As a promotion, the company plans to hold a drawing to give away one free vacation to Hawaii for a customer who uses between 400 and 402 minutes during a particular month. Based on the information provided, what proportion of the company's customers would be eligible for the drawing?A) Approximately 0.1026
  B) About 0.004
  C) Approximately 0.2013
  D) About 0.02

Question 2

What is the expected monetary value (in ) of the Q index fund?
 
  A) 1.38
  B) 0.29
  C) 1.11
  D) 0.93


fwbard

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Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

C


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