A bond that closed today at 94 down 2 closed yesterday in dollars at
2 answers:
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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
There are three outcomes of 4 out of eighteen outcomes, so the fraction of angle of spinner numbered 4 is 
Answer: We reject the null hypothesis, and we use Normal distribution for the test.
Step-by-step explanation:
Since we have given that
We claim that
Null hypothesis :
Alternate hypothesis :
There is 5% level of significance.
So, the test statistic would be
Since alternate hypothesis is left tailed test.
So, p-value = P(z≤-2.31)=0.0401
And the P-value =0.0401 is less than the given level of significance i.e. 5% 0.05.
So, we reject the null hypothesis, and we use Normal distribution for the test.