The first thing we must do for this case is to define a variable:
x: number of years
y: total salary
We have then:
For first company:
y = 1500x + 31000
For second company:
y = 2000x + 28500
Equaling both equations we have:
1500x + 31000 = 2000x + 28500
Clearing x:
2000x - 1500x = 31000 - 28500
500x = 2500
x = 2500/500
x = 5
Answer:
It will take for the salaries to be the same about:
x = 5 years
Answer:
Step-by-step explanation:
76.4
Answer:
0.99865
Step-by-step explanation:
The question above is modelled by gaussian distribution. Gaussian distribution is also known as Normal distribution.
To solve the above question, we would be using the z score formula
The formula for calculating a z-score
z = (x-μ)/σ,
where x is the raw score
μ is the population mean
σ is the population standard deviation.
In the above question,
x is 115 liters
μ is 100
σ is the population standard deviation is unknown. But we were given variance in the question.
Standard deviation = √Variance
Variance = 9
Hence, Standard deviation = √9 = 3
We go ahead to calculate our z score
z = (x-μ)/σ
z = (115 - 100) / 3
z = 15/ 3
z score = 5
Using the z score table of normal distribution to find the Probability of having a z score of 5
P(x = 115) = P(z = 5) =
0.99865
Therefore the probability that this year it will produce 115 liters of wine = 0.99865
Answer:
Step-by-step explanation:
We would set up the hypothesis test. This is a test of a single population mean since we are dealing with mean
For the null hypothesis,
µ = 17
For the alternative hypothesis,
µ < 17
This is a left tailed test.
Since the population standard deviation is not given, the distribution is a student's t.
Since n = 80,
Degrees of freedom, df = n - 1 = 80 - 1 = 79
t = (x - µ)/(s/√n)
Where
x = sample mean = 15.6
µ = population mean = 17
s = samples standard deviation = 4.5
t = (15.6 - 17)/(4.5/√80) = - 2.78
We would determine the p value using the t test calculator. It becomes
p = 0.0034
Since alpha, 0.05 > than the p value, 0.0043, then we would reject the null hypothesis.
The data supports the professor’s claim. The average number of hours per week spent studying for students at her college is less than 17 hours per week.
Answer: $37.50 per share
Step-by-step explanation:
Take the difference in the final price and the original price. Divide by the original price and multiply by 100.
37.5-25= 12.5
12.5/25= .50
.50*100= 50%
The other answers are $12.50 per share, and
The new stock is worth $37.50 per share.
