Evan has $70 in a savings account. The interest rate is 5% per year and is not
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Answer:
Probability that the calculator works properly for 74 months or more is 0.04 or 4%.
Step-by-step explanation:
We are given that the life span of a calculator has a normal distribution with a mean of 60 months and a standard deviation of 8 months.
Firstly, Let X = life span of a calculator
The z score probability distribution for is given by;
Z = ~ N(0,1)
where, = population mean = 60 months
= standard deviation = 8 months
Probability that the calculator works properly for 74 months or more is given by = P(X 74 months)
P(X 74) = P(
) = P(Z
1.75) = 1 - P(Z < 1.75)
= 1 - 0.95994 = 0.04
Therefore, probability that the calculator works properly for 74 months or more is 0.04 or 4%.