Determining the standard deviation of boats


Sales for Fast Kat, a 16-foot catamaran sailboat, have averaged 250 boats per month over the last five years, with a standard deviation of 25 boats. Assuming that the demand is about the same as past years and follows a normal curve, what is the probability sales will be less than 280 boats?

Solution Preview :

Prepared by a verified Expert
Finance Basics: Determining the standard deviation of boats
Reference No:- TGS0681446

Now Priced at $15 (50% Discount)

Recommended (94%)

Rated (4.6/5)