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USING FORMULAS IN EXCEL! Please help with 20,21,22,23 and 16

Continuous Probability Distribution: Normal Use a cell reference or a single formula where appropriate in order to receive fu

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Answer #1

16)

car travel with 30% probability

=NORM.INV(0.3,420.5,50)

= 394.28 (394.3)

20)

lower value for 95%

=NORM.INV(0.0025,420.5,50)

=280.15

21)

upper value for 95%

=NORM.INV(0.9975,420.5,50)

=560.85

22)

lower value for 99.7%

=NORM.INV(0.0015,420.5,50)

=272.11

23)

upper value for 99.7%

=NORM.INV(0.9985,420.5,50)

=568.89

please revert back if any doubt

thanks

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