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PtichkaEL [24]
1 year ago
10

Mike has a net spendable income of $1,400. He decides to set up a budget before looking for an apartment or a car. He sets up hi

s budget and finds that he has lots of money left over. He puts the extra money into entertainment. Housing $420 Food $168 Transportation $210 Insurances $42 Debts $70 Entertainment $224 Clothing $70 Savings $70 Medical $56 Miscellaneous $70 Why might this budget be a problem? Mike will spend more money than he is earning. Mike does not have enough money budgeted for food or medical expenses. Mike is using the minimum recommended percentages for food, housing, and transportation. The costs are likely to exceed the expenses in each category. Mike has not budgeted all of his money. He will find that he has extra money at the end of the month, which will end up being wasted. NextReset
Mathematics
1 answer:
KATRIN_1 [288]1 year ago
3 0
This budget might be a problem because Mike is using the minimum recommended percentages for food, housing, and transportation. He prepared the biggest sum for entertainment, putting the basic needs under the disadvantage and forgetting about medical emergencies. Therefore, in the end of month there is a strong possibility that he will find out he organized his budget in a wrong way. 
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To increase sales, a local donut shop began putting an extra donut in some of the boxes. Customers are unaware of which boxes ha
Bingel [31]

Answer:

Step-by-step explanation:

Hello!

Part A

First, determine your study variable:

X: Number of boxes with an extra donut in a sample of eight.

To see if the variable has a Binomial distribution you have to check if the binomial criteria are met:

1. The number of observation of the trial is fixed (In this case n = 8, the boxes each customer bought make the sample)

2. Each observation in the trial is independent, this means that none of the trials will affect the probability of the next trial (In this case, the amount of donuts in one box does not affect on the probability of the next box having an extra donut)

3. The probability of success in the same from one trial to another (In this case our "success" will be that the box has an extra donut, according to the owners claim that is 1/7; ρ=0,14)

So X≈ Bi (n;ρ)

Where n represents the sample (n=8) and ρ is the probability of success (ρ=0.14)

Part B

The mean of the binomial distribution is E(X)= nρ

E(X)= 8 * 0.14= 1.12

The mean of the distribution is also called the expected value. You'd expect that 1.12 boxes have an extra donut.

The variance of the binomial distribution is V(X)= nρ(1 - ρ)

V(X)= 8*0.14*(1 - 0.14)= 0.9632

Its square root is the standard deviation

√V(X)= 0.98

The standard deviation is a measure of dispersion, it indicates how much the values ​​of the distribution of the central value are separated. In this case, 0.98 indicates that the distribution of the number of boxes with an extra donut is far from the expected value.

Part C

Two of the eight customers buy a box with an extra donut, symbolically:

P(X=2) = P(X≤2) - P(X≤1)= 0.91 - 0.68 = 0.22

There is a 22% chance that two customers bought a box with an extra donut.

Compute:

P(X≥2)= 1 - P(X<2)= 1 - P(X≤1)= 1 - 0.68= 0.32

There is a 32% chance that two or more customers bought a box with an extra donnut.

I hope it helps!

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1 year ago
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Step-by-step explanation:

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P = 2(21 + 3)

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Step-by-step explanation:

Add them all up.

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