Is 7.2 bigger than 7.21
2 answers:
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Answer:
January had a higher z-score for sales on the 15th, and the value of that z-score was of 0.5.
Step-by-step explanation:
z-score:
In a set with mean and standard deviation
, the z-score 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 p-value, we get the probability that the value of the measure is greater than X.
January:
The mean daily sales for January was $300 with a standard deviation of $20. On the 15th of January, the shop sold $310 of yogurt. This means, respectively, that . So
February:
The mean daily sales for February was $320 with a standard deviation of $50. On the 15th of February, the shop sold $340 of yogurt. This means, respectively, that . So
January had a higher z-score for sales on the 15th, and the value of that z-score was of 0.5.
Answer:
The interest is
Step-by-step explanation:
we know that
The simple interest formula is equal to
where
I is the Final Interest Value
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
in this problem we have
substitute in the formula above