Answer:
a.0.8664
b. 0.23753
c. 0.15866
Step-by-step explanation:
The comptroller takes a random sample of 36 of the account balances and calculates the standard deviation to be N42.00. If the actual mean (1) of the account balances is N175.00, what is the probability that the sample mean would be between
a. N164.50 and N185.50?
b. greater than N180.00?
c. less than N168.00?
We solve the above question using z score formula
z = (x-μ)/σ/√n where
x is the raw score,
μ is the population mean = N175
σ is the population standard deviation = N42
n is random number of sample = 36
a. Between N164.50 and N185.50?
For x = N 164.50
z = 164.50 - 175/42 /√36
z = -1.5
Probability value from Z-Table:
P(x = 164.50) = 0.066807
For x = N185.50
z = 185.50 - 175/42 /√36
z =1.5
Probability value from Z-Table:
P(x=185.50) = 0.93319
Hence:
P(x = 185.50) - P(x =164.50)
= 0.93319 - 0.066807
= 0.866383
Approximately = 0.8664
b. greater than N180.00?
x > N 180
Hence:
z = 180 - 175/42 /√36
z = 5/42/6
z = 5/7
= 0.71429
Probability value from Z-Table:
P(x<180) = 0.76247
P(x>180) = 1 - P(x<180) = 0.23753
c. less than N168.00?
x < N168.
z = 168 - 175/42 /√36
z = -7/42/6
z = -7/7
z = -1
Probability value from Z-Table:
P(x<168) = 0.15866
Answer:
33%
Step-by-step explanation:
In 2003, there were 78.9 thousand jobs in the industry and it increases annually by 2.65 thousand jobs from 2003 to 2013.
Hence, from 2003 to 2013, i.e. 10 years the jobs have increased by (2.65×10) = 26.5 thousand.
Therefore, the percent increase in jobs in the industry from 2003 to 2013 is given by
% ≈ 33%. (Answer)
Answer:
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Step-by-step explanation:
Given



Required
Determine the hourly rate
First, we need to determine the ice cream sold


Next, we calculate the hourly rate:






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<em> -- Approximated</em>
Add all the units together 8+11+6+8=45
then divide by the the number of units there are which is 5 so 45÷5 =9
Answer:
97
Step-by-step explanation:
We are asked to find the size of sample to be 95% confident that the error in psychologist estimate of mean reaction time will not exceed 0.01 seconds.
We will use following formula to solve our given problem.
, where,
,
,
.


Substitute given values:





Therefore, the sample size must be 97 in order to be 95% confident that the error in his estimate of mean reaction time will not exceed 0.01 seconds.