Tutorial Sheet 6

1. A Client has an investment portfolio whose mean is equal to K1, 000,000 with a
standard deviation of K30, 000. He has asked you to determine the probability that the
value of his portfolio is between K970, 000 and K1, 060,000 if his investment
portfolio is normally distributed.
2. A Company produces lightbulbs whose life follows a normal distribution, with a
mean of 1200 hours and a standard deviation of 250 hours. If we choose a lightbulb at
random, what is the probability that its lifetime will be between 900 and 1,300 hours?
3. Mobile city’s sales experience indicate that daily cell phone sales in its stores follow a
normal distribution with a mean of 60 and a standard deviation of 15. The Marketing
department conducts a number of routine analysis to monitor sales performance. What
is the probability of having sales between 85 and 95?
4. Let the random variable X follow a normal distribution with mean 80 and variance
100.
a. Find the probability that X is at least 60.
b. Find the probability that X is greater than 72 and less than 82.
c. Find the probability that X is at most 55
5. Zambeef with 2,000 employees has a mean number of time lost due to accidents per
week equal to λ=0.4. What is the probability that the time between accidents is less
than 2 weeks?
6. Given that X follows a uniform distribution with a=4 and b=10. Find the mean and
standard deviation for this random variable.