This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The terms 'stochastic' and 'deterministic' have the same meaning in quantitative analysis. ... (Read 95 times)

hubes95

  • Hero Member
  • *****
  • Posts: 561
on: Jun 24, 2018
The terms 'stochastic' and 'deterministic' have the same meaning in quantitative analysis.
  Indicate whether the statement is true or false

Question 2

A major department store has determined that its customers charge an average of 500 per month, with a standard deviation of 80 . Assume the amounts of charges are normally distributed.
 a. What percentage of customers charges more than 380 per month?
  b. What percentage of customers charges less than 340 per month?
  c. What percentage of customers charges between 644 and 700 per month?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

izzat

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 24, 2018
Answer to Question 1

F

Answer to Question 2

a. 93.32
b. 2.28
c. 2.97


hubes95

  • Member
  • Posts: 561
Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

ryansturges

  • Member
  • Posts: 338
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Understanding cells in terms of their molecular components. Understanding cells in terms of their molecular components.
Tumor marker analysis of a patient with no evidence of disease monitored for tumor recurrence. The ... Tumor marker analysis of a patient with no evidence of disease monitored for tumor recurrence. The ...
Analysis of the dihybrid crosses Analysis of the dihybrid crosses
Northern blot analysis of dfmr1 gene expression in Drosophila ovaries and embryos Northern blot analysis of dfmr1 gene expression in Drosophila ovaries and embryos
Histograms - Analysis and Data Histograms - Analysis and Data
GENETIC ANALYSIS GENETIC ANALYSIS
Video: Hormonal feedback loop components

For a complete list of videos, visit our video library