The profit of a small and medium enterprise (SME) has a mean of #£46,000# and standard deviation of #£19,000#. What is the probability that profit of a SME will be between #£40,000# and #£50,000#?
1 Answer
Jun 24, 2017
The probability that a specific SME will have a profit between
Explanation:
As mean is
the
and
From tables the probability between
and probability between
Hence, the probability that a specific SME will have a profit between