Solutions to Assignments
MBA and MBA (Banking & Finance)
MMPC-005: Quantitative Analysis for Managerial Applications
MMPC-005/TMA/JULY/2022
Question No. 1. The income of a group of 10,000 persons was found to be normally distributed with mean Rs.750 per month and a standard deviation of Rs. 50, show that of this group about 95% has income exceeding Rs. 668 and only 5% had income exceeding Rs. 832. (area between 750 and 668 = 0.4495, area between 750 and 832 = 0.4495).
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