Normal Probability: HR Block Web site
What should the company bid to maximize EMV?
July 9, 2019Chebysef’s Inequality Problem
July 9, 2019An article reported that (l.j. Flynn, Tax Surfing the New York Times, March 25, 2002, p. C10) that the meantime to download the home page for the internal revenue service, www.irs.gov, is 0.8 seconds. The same article also reported that the mean download time for the H&R Block Website, www.hrblock.com, is 2.5 seconds. Supoose that the download time is normally distributed, with a standard deviationof 0.5 seconds. What is the probabilitythat a download time is
Use the normal probability file attached and show work
A. Less than 1 second
B. between 0.5 and 1.5 seconds
C. above 0.5 seconds
D. Above how many seconds are 99% of the download times?
The solution provides step by step method for the calculation of probability using the Z score. Formula for the calculation and Interpretations of the results are also included. Interactive excel sheet is included. The user can edit the inputs and obtain the complete results for a new set of data.
