If mean profits of an SME (small or medium enterprise) is #£46,000# and standard deviation is #£19,000#, what is the probability that a specific SME has profit between #£44,000# and #£48,000#?
1 Answer
The probability that a specific SME will have a profit between
Explanation:
As mean is
the
and
From tables the probability between
and as normal distribution is symmetric and probability between
and the probability that a specific SME will have a profit between
Note for