A company has a quote for possible job that is normally dist
A company has a quote for possible job that is normally distributed with a mean = 3.6 days and standard deviation = 1.2 days. What is the probability that of a response for this bid is within 2 days ?
Solution
mean = 3.6
sd = 1.2
x = 2
z = (x-mean)/sd
z = (2-3.6)/1.2
z= -1.33
P(z<-1.33) = 0.0918
