Page 1 of 1
3. The funds dispensed at the ATM machine follow a normal probability distribution with a mean of $3,800 per day and a s
Posted: Wed May 04, 2022 12:59 pm
by answerhappygod
- 3 The Funds Dispensed At The Atm Machine Follow A Normal Probability Distribution With A Mean Of 3 800 Per Day And A S 1 (53.43 KiB) Viewed 35 times
3. The funds dispensed at the ATM machine follow a normal probability distribution with a mean of $3,800 per day and a standard deviation of $770 per day. The machine is programmed to notify the nearby bank if the amount dispensed is very low (less than $1,600) or very high (more than $5,850). (Hint: keep track of your variables and SKETCH it!) a. What percent of the days will the bank be notified because the amount dispensed is very low? b. What percent of the time will the bank be notified because the amount dispensed is very high? c. What percent of the time will the bank not be notified regarding the amount of funds dispensed? (Hint: between the very low and very high)