Mathematics, 28.05.2020 03:58 malak3782
The daily exchange rates for the five-year period 2003 to 2008 between currency A and currency B are well modeled by a normal distribution with mean 1.094 in currency A (to currency B) and standard deviation 0.013 in currency A. Given this model, and using the 68-95-99.7 rule to approximate the probabilities rather than using technology to find the values more precisely, complete parts (a) through (d). a) What is the probability that on a randomly selected day during this period, a unit of currency B was worth more than 1.094 units of currency A? The probability is nothing%. (Type an integer or a decimal.)
Answers: 1
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The daily exchange rates for the five-year period 2003 to 2008 between currency A and currency B are...
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