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Author Question: The terms 'stochastic' and 'deterministic' have the same meaning in quantitative analysis. ... (Read 107 times)

hubes95

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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?


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izzat

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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

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

31809pancho

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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