An initial investment of $60.00 increases in value by 15% each year which of the following statements are true? Select all that
1 answer:
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Answer:
37.23% probability that randomly selected homework will require between 8 and 12 minutes to grade
Step-by-step explanation:
Problems of normally distributed samples are solved using the z-score formula.
In a set with mean and standard deviation
, the zscore of a measure X is given by:
The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.
In this problem, we have that:
What is the probability that randomly selected homework will require between 8 and 12 minutes to grade?
This is the pvalue of Z when X = 12 subtracted by the pvalue of Z when X = 8. So
X = 12
has a pvalue of 0.4052
X = 8
has a pvalue of 0.0329
0.4052 - 0.0329 = 0.3723
37.23% probability that randomly selected homework will require between 8 and 12 minutes to grade