A study of homeowners in the 5th congressional district in Maryland found that their annual household incomes are normally distributed with a mean of $41,182 and a standard deviation of $11,990 (based on data from Nielsen Media Research). If an advertising campaign is to be targeted at those whose household incomes are in the top 20%, find the minimum income level for this target group.

Answers

Answer 1

Answer:

The minimum income level for this target group is of $51,253.6.

Step-by-step explanation:

Normal Probability Distribution

Problems of normal distributions can be solved using the z-score formula.

In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the z-score of a measure X is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

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.

Mean of $41,182 and a standard deviation of $11,990

This means that [tex]\mu = 41182, \sigma = 11990[/tex]

Find the minimum income level for this target group.

The 100 - 20 = 80th percentile, which is X when Z has a p-value of 0.8, so X when Z = 0.84.

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]0.84 = \frac{X - 41182}{11990}[/tex]

[tex]X - 41182 = 0.84*11990[/tex]

[tex]X = 51253.6[/tex]

The minimum income level for this target group is of $51,253.6.


Related Questions

Evan, James, and Burt are fishing in a lake that has 200 fish. They are going to be fishing for three hours. What is the probability that they each will catch 3 fish?

Answers

Answer:

The probability that they each will catch 3 fish is 0.000063956

Step-by-step explanation:

The hyper geometric distribution is used to solve this as it has a population, a sample , number of successes  for both the population and sample.

Here

Population size= N =200

Sample size= n =9= (3*3)

Number of successes in population = k = 3 hours

Number of successes in sample = x= 3

Applying the hyper geometric distribution

P (x=3) = kCx *(N-k) C (n-x)/ N Cn

   = 3 C 3 * 197 C 6/ 200 C 9

    =0.000063956

The probability that they each will catch 3 fish is 0.000063956

What is an equation of the line that is parallel to y = 3x - 8 and passes
through the point (4,-5)?

Answers

Answer:

[tex]y=3x-17[/tex]

Step-by-step explanation:

Parallel equations always share a slope.

So since we know the slope and a point the equation needs to pass through we can plug in the values and replace -8 with [tex]b[/tex]

[tex]-5=3(4)+b[/tex]

simplify both sides

[tex]-5=12+b[/tex]

isolate the variable

[tex]-17=b[/tex]

plug [tex]b[/tex] back into the equation and you get

[tex]y=3x-17[/tex]

Answer:

y = 3 x + 11

 Explanation:

Parallel lines have the same slopes.

The slope of the new line will have the same slope as the given line:

y = 3 x − 4

⇒ m = 3

One point on the line is given,  

( − 2  5 ) .

This is  ( x 1  y 1 )

The formula for slope is  

m = ( change in y values/ change in x-values ) =  y 2  −  y 1/ x 2 − x 1

If you have the slope and one point , substitute them into a formula which is based on the formula for slope given above.

y  −  y 1 =  m  ( x  −  x 1 )  

y  −  5  =  3 ( x  −  ( − 2 ) )

y  −  5  =  3 ( x + 2 )

Simplify to get the required equation of the line.

y  =  3 x  +  6  +  5

y  =  3 x  +  11

Step-by-step explanation:

Find the other endpoint of the line segment with the given endpoint and midpoint. I
nearest tenth.
Endpoint (-8, 8) Midpoint (5,-3)

Answers

The answer is (18,-14)

To get from (-8,8) to (5,-3) we can make into a transformation. T(x,y) = (x + 13,y - 11), so we just apply that transformation a second time to get (18, -14).

a therate ticket cost £63 plus a booking fee of 3%
what is the total price of the ticket

Answers

Answer:

Total amount of ticket free = £64.89

Step-by-step explanation:

Given:

Cost of theater ticket = £63 plus

Booking fee of theater ticket = 3%

Find:

Total amount of ticket free

Comutation:

Total amount of ticket free = Cost of theater ticket + Booking fee of theater ticket

Total amount of ticket free = 63 + 3%

Total amount of ticket free = 63 + 1.89

Total amount of ticket free = 64.89

Total amount of ticket free = £64.89

Write the equation for a parabola with a focus at (6,-4) and a directrix at y= -7

Answers

Given:

The focus of the parabola is at (6,-4).

Directrix at y=-7.

To find:

The equation of the parabola.

Solution:

The general equation of a parabola is:

[tex]y=\dfrac{1}{4p}(x-h)^2+k[/tex]                  ...(i)

Where, (h,k) is vertex, (h,k+p) is the focus and y=k-p is the directrix.

The focus of the parabola is at (6,-4).

[tex](h,k+p)=(6,-4)[/tex]

On comparing both sides, we get

[tex]h=6[/tex]

[tex]k+p=-4[/tex]                            ...(ii)

Directrix at y=-7. So,

[tex]k-p=-7[/tex]                            ...(iii)

Adding (ii) and (iii), we get

[tex]2k=-11[/tex]

[tex]k=\dfrac{-11}{2}[/tex]

[tex]k=-5.5[/tex]

Putting [tex]k=-5.5[/tex] in (ii), we get

[tex]-5.5+p=-4[/tex]

[tex]p=-4+5.5[/tex]

[tex]p=1.5[/tex]

Putting [tex]h=6, k=-5.5,p=1.5[/tex] in (i), we get

[tex]y=\dfrac{1}{4(1.5)}(x-6)^2+(-5.5)[/tex]

[tex]y=\dfrac{1}{6}(x-6)^2-5.5[/tex]

Therefore, the equation of the parabola is [tex]y=\dfrac{1}{6}(x-6)^2-5.5[/tex].

A drawer is filled with 2 black shirts, 7 white shirts, and 11 gray shirts.
One shirt is chosen at random from the drawer. Find the probability that it is not a black shirt.
Write your answer as a fraction in simplest form.

Answers

Answer:

Probability of the chosen T-shirt not being black will be equal to 9/10

Step-by-step explanation:

In order to solve this we need to understand that probaility is equal to the number of those outcomes that we want divided by the total number of outcomes. In our case the total number of outcomes is 20 (2 + 7 + 11) which is the total number of T-shirts, and the number of outcomes that are favorable to us is equal to 18 (outcomes without a black T-shirt). Therefor probability of the chosen T-shirt not being black will be equal to...

18/20 = 9/10

18x-108
-----------
6x-54

simplify the expression




A.

B.

C.

D.

Answers

Answer:

3x-2

---------

x-1

Step-by-step explanation:

simplify 18x/6x = 3x/1x

simplify 108/54 = 2/1

Factor using the perfect squares method:

x^2 - 3x + 16

Answers

Answer:

what are the answer choice?

Step-by-step explanation:

Which of the following is the equation of the quadratic function below?

Answers

Answer:

C y=x^2+2x+1

Step-by-step explanation:

what is the y-coordinate of the red point?

Answers

The y-coordinate of the red point is -3.

if$3=£2 and Rs. 325=$3, how many pound(£) will be equal to Rs. 39000​

Answers

Answer:

Rupees 39,000 are

378.63 Pound sterling

3 1/2 divided by 2 1/6=

Answers

Answer:

21/13

Step-by-step explanation:

3 1/2 = 7/2

2 1/6 = 13/6

7/2 divided by 13/6

7/2 X 6/13 = 42/26 = 21/13

Answer:

Step-by-step explanation:

3 1/2 = 7/2 and 2 1/6 = 13/6

7/2 divided by 13/6 = 7/2 x 6/13

42/26

21/13 is your final answer.

What number, divided by 3/7 , will result in a value of 2 1/3?

Answers

bro you still in school??

30 POINTS !!!

what is the total surface area of the square pyramid? 5in height abs 8in base

20
40
104
144

Answers

maybe 40? i hope this helps
I believe 40 is the answer. At least I hope so

is AC greater than, less than, or equal to BC? explain your reasoning

Answers

Answer:

AC is greater than BC

Step-by-step explanation:

First, we know that the angle of a straight line is 180°, so angle B as a whole is equal to 180 degrees. Therefore, angle YBC + angle ABC = 180 degrees. As angle YBC is a right angle, signified by the small square on the angle, it is 90 degrees. Therefore,

90 degrees + angle ABC = 180 degrees

subtract 90 degrees from both sides to isolate angle ABC

angle ABC = 90 degrees

Therefore, as angle ABC is equal to 90 degrees, and a right angle is 90 degrees, triangle ABC has a right angle, making it a right triangle.

In a right triangle, using the Pythagorean Theorem, the square of the side opposite the right angle is equal to the sum of the squares of the other side. Since side AC is opposite the right angle, we can say that

AC² = AB² + BC²

As the length of a side has to be greater than 0, we can say that

AC² = AB² + BC²

AB² > 0

AC² > BC²

square root both sides

AC > BC

Therefore, AC is greater than BC

10 points!!!!!:)

Describe the graph of the function.

[tex]y = \sqrt{x + 3} [/tex]
a). the graph is a radical function y=sqrt(x) shifted 3 units right.
b). the graph is a radical function y=sqrt(x) 3 units left.
c). the graph is of exponential growth.
d). the graph is an absolute value function with vertex (-3,0).

pls help me:).

Answers

Answer:

b) y=sqrt(x) shifted 3 units left

Step-by-step explanation:

3rd line in the attached table:

f(x+3) = sqrt(x+3) horizontal translation left 3 units

Which of the following graphs represents the equation y-2 = 3(x - 1)?

Answers

Answer:

Graph B

Step-by-step explanation:

The vertical intercept I am getting is (0,-1) and B is the only one with that point. Therefore, it should be B.

52.3 X 16.0 please help me thank you so much !

Answers

Answer:

836.8

Step-by-step explanation:

To maintain a balanced diet, ensure that your food contains minimal amounts of certain ingredients. Which ingredient is missing in the sentence below?
One’s diet should include small amounts of fat, , and sugar.

Answers

Step-by-step explanation:

i think minerals and vitamins since they are micro nutrients

Find the value of x. Round to the nearest tenth.

Answers

Answer:

x = 7

Step-by-step explanation:

First we find out what we are using sin,cos, or tan then we plug in the numbers

Sin 26 x 16 = 7

How do you work out the volume of a cube

Answers

Answer:

V=a cubed

Step-by-step explanation:

worth 10 points please help me ASAP!

Answers

Answer:

(-1,-1)

Step-by-step explanation:

If you multiply the x and y points of A, (-3,-3), by 1/3 then you find: (-1,-1).

Find the value of `x´ in the given parrallelogram.​

Answers

X=9

3x-12=x+6
2x-12=6
2x=18
X=9
The value of x is 9 cm in the given parrallelogram.

Step-by-step explanation:

=> (3x-12) =(x+6)

or,3x - x = 6 + 12

or,2x = 18

or,x = 18/2

: x=9#

Which number line represents the solutions to -2x = -6?

Answers

Answer:

3

Step-by-step explanation:

-2x = -6

or, x = -6 / -2

or, x = 3

Emily and Kylie are 140 miles apart, traveling towards each other. If Kylie travels 12 mph and Emily travels 8 mph how long until they meet?

Answers

Answer: 7 hr

Step-by-step explanation:

Given

Distance between Emily and Kylie is [tex]140\ \text{miles}[/tex]

Speed of Emily [tex]v_e=12\ mph[/tex]

Speed of Kylie [tex]v_k=8\ mph[/tex]

Distance traveled by Emily [tex]\Rightarrow d_e=12t[/tex]

Distance traveled by Kylie [tex]\Rightarrow d_k=8t[/tex]

[tex]\Rightarrow 12t+8t=140\\\Rightarrow 20t=140\\\Rightarrow t=7\ hr[/tex]

They will meet after 7 hour.

which of the points lies on the curve y=x^3

Answers

Answer:

D

Step-by-step explanation:

Hello,

A: no since (1/3)^3=1/27 not 1/9

B: no since (-1)^3=-1 not 1

C: no since (-2)^3=-8 not -6

D: yes since (-1/2)^3=-1/8

Answser D

3/4 - 5/8


can someone plz tell answer

Answers

The correct answer is 0.125

Answer: 1/8

Step-by-step explanation:

Convert 3/4 so it has 8 as the denominator. 3/4 = 6/8. Now you can subtract. 6/8 - 5/8 = 1/8.

A small point deduction applies if a participation activity's question is not answered correctly the first time?

Answers

Answer: False

Step-by-step explanation:

There is no such deduction when a participation's questions are not answered correctly the first time. Whatever answer is given is part of the learning curve and ensures that the activity can be improved upon.

Had there been a small point deduction then there would be no opportunity to learn because there would be too much fear associated with the wrong answer.

Can someone help me with this math homework please!

Answers

Answer:

11.2

Step-by-step explanation:

[tex]p =\frac{160.16}{14.3}=\frac{160.16*10}{14.3*10}\\\\p = \frac{1601.6}{143}\\\\[/tex]

p = 11.2

Answer:

The person above me is correct I just did the work and I got the same answer as them :)

Step-by-step explanation:

Does anyone know how to solve these?

Answers

remember the slope= rise/run. so for the first graph, there are coordinates (0,5) and (2,3). so the rise = 3-5=-2 and the run=2-0=2 so the slope=-2/2=-1. and since the equation for a line is y=mx+ b, where m is the slope and b is the y intercept, the answer is y=-x+5

then just do the same process with the other question to get y=(2/5)x-3

Answer:

1st graph: slope is -1 and equation is y=-x+5

2nd graph: slope is 2/5 and equation is y=2/5x-3

Step-by-step explanation:

y=mx+b is slope-intercept form.

It's call that because this forn tells us the slope,m, and the y-intercept,b.

The first graph you have identified b as 5 since you said the y-intercept was (0,5).

Now we just find slope by finding rise/run.

(0,5) is marked and we see another point has been marked, I will start at (0,5) go down 2 and right 2. This means rise=-2 and run=2 which means the slope=-2/2 and that reduces to -1.

The equation for first graph is y=-1x+5 or y=-x+5.

So again you have no problem identifying the y-intercept which is b=-3.

Now just count the rise/run to the other point. Starting at y-intercept we have to go up 2 and right 5 to get to the other point so m=2/5.

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