Your Perfect Assignment is Just a Click Away
We Write Custom Academic Papers

100% Original, Plagiarism Free, Customized to your instructions!

glass
pen
clip
papers
heaphones

Problem Solving! – Probability & Statistics

Problem Solving! – Probability & Statistics

You are a marketing manager for a very important shopping center in your city. You are interested in studying the behavior of buyers with respect to the amount spent and the time they make their purchases in order to propose a new advertising campaign that also involves granting certain discounts and promotions.

It has been concluded from the study that 70% of the shoppers in the shopping center make their purchases on weekends and also spend more money during that period.

If the amount of money buyers spend on Saturdays between 5 pm and 8 pm has a normal distribution with mean $ 90 and standard deviation of $ 5. Then you select a buyer at random and want to determine how they will spend their money.
 
 1. What is the probability that he spent more than $ 90? And the one that has spent less than USD 90?

2. What is the probability that he spent between $ 80 and $ 100?

3. Standardize the probability distribution

4. Find the probability that you spent less than $ 50 but using the new standardized function.

5. Represent graphically.

Order Solution Now

Our Service Charter

1. Professional & Expert Writers: Topnotch Essay only hires the best. Our writers are specially selected and recruited, after which they undergo further training to perfect their skills for specialization purposes. Moreover, our writers are holders of masters and Ph.D. degrees. They have impressive academic records, besides being native English speakers.

2. Top Quality Papers: Our customers are always guaranteed of papers that exceed their expectations. All our writers have +5 years of experience. This implies that all papers are written by individuals who are experts in their fields. In addition, the quality team reviews all the papers before sending them to the customers.

3. Plagiarism-Free Papers: All papers provided byTopnotch Essay are written from scratch. Appropriate referencing and citation of key information are followed. Plagiarism checkers are used by the Quality assurance team and our editors just to double-check that there are no instances of plagiarism.

4. Timely Delivery: Time wasted is equivalent to a failed dedication and commitment. Topnotch Essay is known for timely delivery of any pending customer orders. Customers are well informed of the progress of their papers to ensure they keep track of what the writer is providing before the final draft is sent for grading.

5. Affordable Prices: Our prices are fairly structured to fit in all groups. Any customer willing to place their assignments with us can do so at very affordable prices. In addition, our customers enjoy regular discounts and bonuses.

6. 24/7 Customer Support: At Topnotch Essay, we have put in place a team of experts who answer to all customer inquiries promptly. The best part is the ever-availability of the team. Customers can make inquiries anytime.