suppose the length of the plug follows N(6,1) distribution. If the length of the plug is bigger than7.96, a loss of $5 will occur.
1. if a factory produces 100 plugs, what is the expected loos and the variance of the loss?
2. if a factory earns $2 for a plug less than 7.96, at least how many plugs should the company produce so that they can earn $100 with probability greater than 95%?
我知道是很容易的问题啊可还是不会做。麻烦各路大神了。。请解答尽量详细!感谢!!