Answer:
a. 0.71
b. 0.9863
Step-by-step explanation:
a. From the histogram, the relative frequency of houses with a value less than 500,000 is 0.34 and 0.37
-#The probability can therefore be calculated as:
Hence, the probability of the house value being less than 500,000 is o.71
b.
-From the info provided, we calculate the mean=403 and the standard deviation is 278 The probability that the mean value of a sample of n=40 is less than 500000 can be calculated as below:
Hence, the probability that the mean value of 40 randomly selected houses is less than 500,000 is 0.9863
X=his fortune
15/16X=7500
X=7500 x 16/15
X=8000
Fixed costs:
$350 + $120 + $170 = $640
Variable costs:
x * ( $6.50 + $3.64 ) = x * 10.14
Sales income ( total ):
x * $36.40
FC + FV - Income = 0
640 + 10.14 x - 36.40 x = 0
640 - 26.26 x = 0
26.26 x = 640
x = 640 : 26.26 = 24.37
Answer:
The minimum number of passengers needed per cruise, so that the cruise company can be sure it will make a profit is 25.
Answer:
$1210
Step-by-step explanation:
Let x be total amount
First John spent $110 on a radio and 4/11 of what was left on presents for his friends so he was left with
Then he put 2/5 of his remaining money into a checking account
Rest he donated to charity
Hence total amount of money John originally had was $1210
