Weekly Demand of a Fiat Car
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The weekly demand for Fiat car sales follows a normal distribution with mean 50,000 cars and standard deviation 14,000 cars.
a) There is a 1% chance that Fiat will sell more than what number of cars next year?
b)What is the probability that Fiat will sell between 2.4 and 2.7 million cars during the next year?
Please address a and b and use the attached Excel sheet.
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Solution Summary
This solution contains step-by-step calculations to determine the probability of selling a fiat car in a certain time frame.
Education
- BE, Bangalore University, India
- MS, University of Wisconsin-Madison
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