# ERRATA

STATISTICS FOR MANAGEMENT: MB0040

Solved Problem 16: The sales volume of 1000 retail outlets of a soap company follows Normal
distribution. 20% of retail outlets sell less than 50 units per day and 15% of them sells 200 unit an
Find:
i.      The mean and standard deviation of the sales volume
ii.      The expected number of retail outlets that sells units between 50 and 148 units

Wrong Solution: Let ‘m’ and ‘σ’ be the mean and standard deviation. The given information can be repres
a graph as shown in figure 6.7.

Given that:

Ρ  50≤x≤ Χ =0.30
⇒Ρ
⇒Ρ

[

50− Χ
≤Ζ ≤0=0 . 30
σ

]

[

50 − Χ
≤Ζ ≤0=0 . 30
σ

]

∴ 2 0 0− Χ =1.0 4σ .................  2 
−5 0± Χ =±0.8 4σ .................  1
And

Ρ  Χ ≤ x ≤200 =0. 35

[

]

200− Χ
=0 . 35
σ
200− Χ

=1. 04
σ
⇒ Ρ 0≤Ζ ≤

200− Χ =1.04σ ...............  2 
−50±¿−0 . 84 σ
150 =1 . 88 σ

The probability that the retail outlets that sell units between 50 and 148 is given by: Ρ  50≤ Χ ≤148 = Ρ  50 ≤ Χ ≤117  Ρ 117 ≤ Χ ≤148  =Ρ [ ] [ ] 50−117 148−117 ≤Ζ ≤0 Ρ 0≤Ζ≤ = 0 .5 ≅ 448 . 1480=0. 84 σ 150 =1 . 8 79. 4475 79. 8 Expected number of units = 10000 x 0.4475 = 447. 88 σ ……………………(1) 5 00 . 29950.8 4∗7 9.8 4σ =Χ fro m 1  o r5 00.−50±¿−0 .8= Χ Χ =117 ii.

04 σ 200− Χ =1..7. Given that: Ρ  50≤x≤ Χ =0............ 84 σ o r5 0− Χ =−0....  2  −50 X =0 .... 35 [ ⇒ Ρ 0≤Ζ ≤ ⇒ ] 200− Χ =0 .....04σ .. 84 σ 150 =1 .  1  −50 Χ =0...84σ ..30 [ ⇒Ρ =Ρ [ 50− Χ ≤Ζ ≤0=0 .. 30 σ ] ] 50− Χ =−0 .......UNIT – 6: THEORITICAL DISTRIBUTION CORRECT SOLUTION: Let ‘m’ and ‘σ’ be the mean and standard deviation.8 4σ ........ 88 σ .... 35 σ 200− Χ =1 . T given information can be represented in a graph as shown in figure 6.  1  And Ρ  Χ ≤ x≤200 =0....

8 4∗7 9. 88 σ ……………………(1) 5 00 . 1480=0 .8 4σ =Χ fro m 1  o r5 00.8= Χ Χ =117 ii.5 ≅ 448 . 8 79 . 29950 .4475 = 447.−50 X =0 . 8 Expected number of units = 10000 x 0. 4475 79.The probability that the retail outlets that sell units between 50 and 148 is given by: Ρ  50≤ Χ ≤148 = Ρ  50 ≤ Χ ≤117  Ρ 117 ≤ Χ ≤148  =Ρ [ ] [ ] 50−117 148−117 ≤Ζ ≤0  Ρ 0≤ Ζ ≤ = 0 . 84 σ 150 =1 .

.

The probability that the retail outlets that sell units between 50 and 148 is given by: .

.

nd 148 is given by: .