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olga55 [171]
2 years ago
10

Evelyn's Internet search for information about "vendor for machine screws" yielded more than 100,000 items. Given that Evelyn di

d not have the time or resources to pursue each of these she decided after limiting her search to only vendors in her state. By doing this, Evelyn engaged in ________.
Social Studies
1 answer:
denis23 [38]2 years ago
7 0

Answer:

Bounded rationality

Explanation:

The term bounded rationality  was proposed by Herbert Simon to analyze the decision making process of agents in complex systems. In other words, bounded rationality  refers to the decision making of an individual based on the limitation of the information needed to make that decision.

Since Evelyn has limited her research on machine screw suppliers to suppliers in her state only, in order to decide which supplier she will contact, we can say that Evelyn is using bounded rationality .

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A section of highway is posted with a 55 mph speed limit. In fact, speeds of cars traveling on this section are normally distrib
In-s [12.5K]

Answer:

z=1.28

And if we solve for a we got

a=58 +1.28*5=64.4

So the value of height that separates the bottom 90% of data from the top 10% is 64.4.  

Explanation:

Previous concepts

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".  

Solution to the problem

Let X the random variable that represent the velocity of a population, and for this case we know the distribution for X is given by:

X \sim N(58,5)  

Where \mu=58 and \sigma=5

For this part we want to find a value a, such that we satisfy this condition:

P(X>a)=0.10   (a)

P(X   (b)

Both conditions are equivalent on this case. We can use the z score again in order to find the value a.  

As we can see on the figure attached the z value that satisfy the condition with 0.90 of the area on the left and 0.1 of the area on the right it's z=1.28. On this case P(Z<1.28)=0.9 and P(z>1.28)=0.1

If we use condition (b) from previous we have this:

P(X  

P(z

But we know which value of z satisfy the previous equation so then we can do this:

z=1.28

And if we solve for a we got

a=58 +1.28*5=64.4

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