(i)[3]
Find the probability that, on a day chosen at random, the company records a profit between $\$10\,000$ and $\$12\,000$.
(ii)[4]
Find the probability that the company makes a loss on exactly $1$ of the next $4$ consecutive days.
Mathematics 9709 · AS & A Level · Continuous random variables
Find the probability that, on a day chosen at random, the company records a profit between $\$10\,000$ and $\$12\,000$.
Find the probability that the company makes a loss on exactly $1$ of the next $4$ consecutive days.
This 7-mark question has a full step-by-step worked solution and mark scheme. One marking point: “By standardising, obtain $z_1 = \frac{12-6.4}{5.2}$ and $z_2 = \frac{10-6.4}{5.2}$” …