QUESTION 4 of 10: Your restaurant purchases 1,625 bottles of Chablis per year. The annual increase of purchases has been 6%. If
2 answers:
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Answer:
The value that is greater than 45% of the data values is approximately 137.84.
Step-by-step explanation:
The key is transforming values from this distribution to a z-score range and finding the corresponding value using a z-score table.
We are looking for a value x which attains a critical z-score that corresponds to the (100-45)%=55-th percentile:
The critical z value (from z-score table, online) is: -0.12, so:
The value that is greater than 45% of the data values is approximately 137.84.
Answer:
0.0013
Step-by-step explanation:
To do this, we need to use a normal distribution table with Z score values, like the one I'm attaching here.
Now, the expression to calculate the Z value is the following:
Z = x - μ / (σ/√n)
Where:
μ: mean
σ: standard deviation
x: value required
n: sample population
Now that we have the data, let's calculate the Z value:
Z = 66,000 - 60,000 / (4000/√4)
Z = 3
Now, let's look at the table to get the value that belongs to this Z score. According to the table, it's 0.0013
Therefore, the likelihood would be 0.0013
