The mean is 36 and the standard deviation is 5.02.
The mean is given by
μ = np = 120*0.3 = 36.
The standard deviation is given by
σ = √(n*p*(1-p)) = √(120*0.3*0.7) = √25.2 = 5.02.
M = Tim's dollar amount
R = Rebecca's dollar amount
MR = Tim and Rebecca's dollars together
R = (M x 1/10) - 6
MR = M + ((M x 1/10) - 6)
MR = 70 + ((70 x 1/10) - 6)
MR = 70 + (7 - 6)
MR = 70 + 1
MR = 71
Answer:
Step-by-step explanation:
Information provided
n=100 represent the random sample taken
X=21 represent the number of bags overfilled
estimated proportion of overfilled bags
is the value that we want to test
z would represent the statistic
Hypothesis
We need to conduct a hypothesis in order to test if the true proportion of overfilled bags is higher than 0.15.:
Null hypothesis:
Alternative hypothesis:
The statistic for this case is:
(1)
And replacing the info given we got:
Answer:
$6,020,826.711
Step-by-step explanation:
The computation of the present value of that year salary is shown below:
As we know that
Present value in case of continuous compounding, the formula is

where,
The Guaranteed amount is $9,000,000
The Time period is 6 years
And, the interest rate is 6.7%
Now placing these values
So, the present value is

= $6,020,826.711
The answer is A. 4(n 3) - 6n