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# Normal Distribution

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Norm Dickins the town pharmacist is interested in obtaining a loan to expand his business. He will get a better interest rate if he can reasonably demonstrate that his near-term monthly revenues will be between \$10,000 and \$15,000. He doesn't know the exact level of sales to expect over the next several months, but based on past experience, he knows it should be around \$13,000. He also knows that his sales vary by about \$2,500 from month to month.

What is the probability that his store will generate the revenue required for him to obtain a favorable loan rate?

https://brainmass.com/statistics/normal-distribution/11360

#### Solution Preview

We obtain the mean and standard deviation from the statement of the problem
M = 13000 =mean
s= 2500 ...

#### Solution Summary

Calculates probability using Normal Distribution

\$2.49