Suppose the mean income of firms in the industry for a year is 95 million dollars with a standard deviation of 11 million dollars. If incomes for the industry are distributed normally, what is the probability that a randomly selected firm will earn less than 114 million dollars

Answers

Answer 1

Answer:

95.73%

Step-by-step explanation:

Given data:

mean μ= 95

standard deviation, σ = 11

to calculate, the probability that a randomly selected firm will earn less than 114 million dollars;

Use normal distribution formula

[tex]P(X<114)=P(Z<\frac{X-\mu}{\sigma} )[/tex]

Substitute the required values in the above equation;

[tex]P(X<114)=P(Z<\frac{114-95}{11} )\\P(X<114)=P(Z<1.7272)\\P(X<114)=0.9573[/tex]

Therefore, the probability that a randomly selected firm will earn less than 114 million dollars = 95.73%


Related Questions


If asphalt pavement costs $0.70 per square foot, find the cost to pave the circular How much does it cost to pave this road?
road in the figure shown
nents
(Round to the nearest dollar as nooded)


Please help :)

Answers

Answer:

Cost to pave the road = $4257

Step-by-step explanation:

Area of the pavement = Area of the outer circle - Area of the internal circle

Area of the outer circle = πr²

                                       = π(55)²

                                       = 3025π square feet

Area of the inner circle = π(33)²

                                       = 1089π square feet

Area of the pavement = 3025π - 1089π

                                     = 1936π

                                     = 6082.12 square feet

Cost of pavement = $0.70 per square feet

Therefore, cost of 6082.12 square feet = 6082.12 × 0.70

                                                                 = 4257.49

                                                                 ≈ $4257

Cost to pave the road = $4257                                    

625^1+1 *125^-1-1 *25^-1+2​

Answers

Answer:

626.968

Step-by-step explanation:

EMDAS rule

One of the factor of x² +3x+2 is x+1 then the other factor is …..​

Answers

Hi there!

[tex]\large\boxed{(x + 2)}[/tex]

x² + 3x + 2

We know that x + 1 is a factor, so:

We must find another number that adds up to 3 when added to 1 and multiplies into 2 with 1. We get:

x + 2

(x + 1)(x + 2)

A three-dimensional object's measurement(s) include which of the following?
Check all that apply.
A. Width
B. Length
C. Height
D. None of these

Answers

A B C are the right answers

Answer:

A.

B.

C.

Step-by-step explanation:

all three are used in 3 dimensional objects hence the name 3 dimensions.

I need help on this please answer all three of them median range and mode

Answers

Answer:

1. median :- 8

2. mean :- 40

3. mode. :- 7

Step-by-step explanation:

❣️(◍Jess bregoli◍)❣️

#keep learning!!

I am a 2 digit number ,my two digit and the sum of my digit are in sequence .what number I am?

Answers

Answer:

I don't understand the meaning of question

which linear inequality represents the graph below?

A. y < -1/4x-4
B. y < 4x-4
C. y < -1/4x+4
D. y < -4x+4​

Answers

I choose C as my answer

You have been doing research for your statistics class on the prevalence of severe binge drinking among teens. You have decided to use 2011 Monitoring the Future (MTF) data that have a scale (from 0 to 14) measuring the number of times teens drank 10 or more alcoholic beverages in a single sitting in the past 2 weeks.
a. According to 2011 MTF data, the average severe binge drinking score, for this sample of 914 teens, is 1.27, with a standard deviation of 0.80. Construct the 95% confidence interval for the true averse severe binge drinking score.
b. On of your classmates, who claims to be good at statistics, complains about your confidence interval calculation. She or he asserts that the severe binge drinking scores are not normally distributed, which in turn makes the confidence interval calculation meaningless. Assume that she or he is correct about the distribution of severe binge drinking scores. Does that imply that the calculation of a confidence interval is not appropriate? Why or why not?

Answers

Answer:

(1.218 ; 1.322)

the confidence interval is appropriate

Step-by-step explanation:

The confidence interval :

Mean ± margin of error

Sample mean = 1.27

Sample standard deviation, s = 0.80

Sample size, n = 914

Since we are using tbe sample standard deviation, we use the T table ;

Margin of Error = Tcritical * s/√n

Tcritical at 95% ; df = 914 - 1 = 913

Tcritical(0.05, 913) = 1.96

Margin of Error = 1.96 * 0.80/√914 = 0.05186

Mean ± margin of error

1.27 ± 0.05186

Lower boundary = 1.27 - 0.05186 = 1.218

Upper boundary = 1.27 + 0.05186 = 1.322

(1.218 ; 1.322)

According to the central limit theorem, sample means will approach a normal distribution as the sample size increases. Hence, the confidence interval is valid, the sample size of 914 gave a critical value at 0.05 which is only marginally different from that will obtained using a normal distribution table. Hence, the confidence interval is appropriate

The fraction
8
produces a repeating decimal.
0.375
O A. True
O B. False

Answers

It is false

Step-by-step explanation:

Hope it will help you

the answer is false, answer b

Which of the following is equivalent to (2a + a)(3b + 1)?

Tip: Simplify the expression on the left first, and then use the distributive property.

2a + 3ab + a
3a + 3b + 1
3a(3b + 3)
9ab + 3a

Answers

Answer:

9ab+3a

Step-by-step explanation:

(2a+a)(3b+1)=(3a)(3b+1)

3a(3b+1)

=(3a×3b)+3a×1

=9ab+3a

Write – 90 5/8 as a decimal number.

Answers

Answer:

-90.625

Step-by-step explanation:

Answer:

[tex]-90~5/8\\[/tex]

[tex]Decimal=-90.625[/tex]

-------------------------------

~HOPE IT HELP....~

~HAVE A GREAT DAY!!~

Pls help quick. (Geomery question)

Given that m∠abc=70° and m∠bcd=110°. Is it possible (consider all cases): Line AB intersects line CD?

Answers

Answer:

Given that m∠abc=70° and m∠bcd=110°. Is it possible (consider all cases): Line AB intersects line CD?

yes

Step-by-step explanation:

#CarryOnLearning

Sebastian is going to choose the color pattern

Answers

Answer:

use blue red blue red

Step-by-step explanation:

PRACTICE
Find and circle the verb to be in the text about
Sean Canty.
2 a Practice the verb to be.
5 b
2. We are
1.1
.... at home.
in the classroom.
3. My father ............. at work now.
4. My grandmother ....... alive.
5. It ............. Saturday today.
1. What
2
-
3. Whe
4. How
5. Wha
2h

Answers

jvdhvfggvvvbbbbbbbbb

Find the perimeter of a rectangular tile with length 1/5ft and width 3/14ft

Answers

Answer:

[tex]\frac{29}{35}[/tex] ft (29/35 ft)

Step-by-step explanation:

1. LCD

Perimeter: [tex]2w+2l[/tex]

[tex]2(\frac{1}{5})+2(\frac{3}{14})=\frac{2}{5} +\frac{6}{14}[/tex]

Since [tex]\frac{6}{14} = \frac{3}{7}[/tex], the LCD would be 35

2. Solving

New equation: [tex]\frac{14}{35} +\frac{15}{35} =\frac{29}{35}[/tex]

[tex]\frac{29}{35}[/tex]

Hope this helped! Please mark brainliest :)

Use the normal distribution and the given sample results to complete the test of the given hypotheses. Assume the results come from a random sample and use a 5% significance level.
Test H0 : p=0.2 vs Ha : p≠0.2 using the sample results p^=0.27 with n=1003
Round your answer for the test statistic to two decimal places, and your answer for the p-value to three decimal places.

Answers

Answer:

The value of teh test statistic is [tex]z = 5.54[/tex]

The p-value of the test is 0 < 0.05, which means that there is significant evidence to conclude that the proportion differs from 0.2.

Step-by-step explanation:

The test statistic is:

[tex]z = \frac{X - \mu}{\frac{\sigma}{\sqrt{n}}}[/tex]

In which X is the sample mean, [tex]\mu[/tex] is the value tested at the null hypothesis, [tex]\sigma[/tex] is the standard deviation and n is the size of the sample.

0.2 is tested at the null hypothesis:

This means that [tex]\mu = 0.2, \sigma = \sqrt{0.2*0.8} = 0.4[/tex]

Using the sample results p^=0.27 with n=1003

This means that [tex]X = 0.27, n = 1003[/tex]

Value of the test statistic:

[tex]z = \frac{X - \mu}{\frac{\sigma}{\sqrt{n}}}[/tex]

[tex]z = \frac{0.27 - 0.2}{\frac{0.4}{\sqrt{1003}}}[/tex]

[tex]z = 5.54[/tex]

P-value of the test and decision:

The p-value of the test is the probability that the sample proportion differs from 0.2 by at least 0.07, which is P(|z| > 5.54), that is, 2 multiplied by the p-value of z = -5.54.

Looking at the z-table, z = -5.54 has a p-value of 0.

2*0 = 0.

The p-value of the test is 0 < 0.05, which means that there is significant evidence to conclude that the proportion differs from 0.2.

suppose you have a bank account earning 6% annual interest rate compounded monthly, and you want to put in enough money so that you can withdraw $100 at the end of each month over a time frame of ten years. calculate how much money you need to start with. show work.

Answers

Answer:

maybe 10000

Step-by-step explanation:

Answer:

9007.35

Step-by-step explanation:

First find the effective rate: .06/12= .005

let x= amount

[tex]x=100\frac{1-(1+.005)^{-12*10}}{.005}\\100*\frac{1-.549632733}{.005}\\9007.345333[/tex]

A copy machine makes 44 copies per minute. How many copies does it make in 3 minutes and 45 seconds?

Answers

Answer:

in 3 minutes ;

44 × 3 = 132 copies

and 45 soconds;

[tex]45 \: seonds \: = \frac{3}{4} \: mınutes[/tex]

44 × ¾ = 33 copies

132 + 33 copies = 165 copies

HAVE A NİCE DAY

Step-by-step explanation:

GREETİNGS FROM TURKEY ツ

Suppose 46% of politicians are lawyers. If a random sample of size 662 is selected, what is the probability that the proportion of politicians who are lawyers will differ from the total politicians proportion by less than 4%

Answers

Answer:

0.9606 = 96.06% probability that the proportion of politicians who are lawyers will differ from the total politicians proportion by less than 4%

Step-by-step explanation:

To solve this question, we need to understand the normal probability distribution and the central limit theorem.

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.

Central Limit Theorem

The Central Limit Theorem establishes that, for a normally distributed random variable X, with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean [tex]\mu[/tex] and standard deviation [tex]s = \frac{\sigma}{\sqrt{n}}[/tex].

For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.

For a proportion p in a sample of size n, the sampling distribution of the sample proportion will be approximately normal with mean [tex]\mu = p[/tex] and standard deviation [tex]s = \sqrt{\frac{p(1-p)}{n}}[/tex]

Suppose 46% of politicians are lawyers.

This means that [tex]p = 0.46[/tex]

Sample of size 662

This means that [tex]n = 662[/tex]

Mean and standard deviation:

[tex]\mu = p = 0.46[/tex]

[tex]s = \sqrt{\frac{p(1-p)}{n}} = \sqrt{\frac{0.46*0.54}{662}} = 0.0194[/tex]

What is the probability that the proportion of politicians who are lawyers will differ from the total politicians proportion by less than 4%?

p-value of Z when X = 0.46 + 0.04 = 0.5 subtracted by the p-value of Z when X = 0.46 - 0.04 = 0.42. So

X = 0.5

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

By the Central Limit Theorem

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

[tex]Z = \frac{0.5 - 0.46}{0.0194}[/tex]

[tex]Z = 2.06[/tex]

[tex]Z = 2.06[/tex] has a p-value of 0.9803

X = 0.42

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

[tex]Z = \frac{0.42 - 0.46}{0.0194}[/tex]

[tex]Z = -2.06[/tex]

[tex]Z = -2.06[/tex] has a p-value of 0.0197

0.9803 - 0.0197 = 0.9606

0.9606 = 96.06% probability that the proportion of politicians who are lawyers will differ from the total politicians proportion by less than 4%

Find the equivalent exponential expression.
(543

Answers

Answer:

(5) we have multiple the powers

8 9 13. Jenny bought kg of berries from the market and another 3 kg of berries from a fruit stall. How much berries did she buy altogether? 3 3​

Answers

Answer:

she bought 5 berries in total

Step-by-step explanation:

3+2=5

Jenny bought 1 5/12 kg of berries altogether.

Explanation:
Jenny bought 2/3 kg of berries and another 3/4 kg of berries.

Add the fractions:
2/3 + 3/4
= 8/12 + 9/12
= 17/12
= 1 5/12

Hope this helps!

Factorize : 4(x+y)^2 -9(x-y)^2​

Answers

Answer:

Step-by-step explanation:

[tex]4(x+y)^{2} - 9(x-y)^{2}=4[x^{2}+2xy+y^{2}]-9[x^{2}-2xy+y^{2}]\\\\=4x^{2}+4*2xy + 4y^{2}-9x^{2}-2xy*(-9)+y^{2}*(-9)\\\\= 4x^{2}+8xy+4y^{2}-9x^{2}+18xy-9y^{2}\\\\= 4x^{2}-9x^{2} + 8xy + 18xy +4y^{2} - 9y^{2}\\\\= -5x^{2} + 26xy - 5y^{2}[/tex]

= -5x² + 25xy + xy - 5y²

= 5x(-x + 5y) - y(-x +5y)

= (-x + 5y)(5x - y)

You are traveling from Earth towards the space station at a speed of 1250 km per hour. Your friend is traveling from the space station to Earth at a speed of 500 km per hour. If both of you meet on the way after 20 hours, what is the distance between Earth and the space station?

Answers

Answer:

d=35000Km

Step-by-step explanation:

After 20h I traveled for

s1=1250*20=25000Km

My friend

s2=500*20=10000Km

Therefore d=25000+10000=35000Km

(2x+3)(5x-8)
10x7€ 16x+158–24
10x2-x-24

Answers

Answer:

16X+134

Step-by-step explanation:

I WILL MARK BRAINLIEST PLEASE HELP! This graph represents f(x), and g(x) = -7x + 8.



Which statement about these functions is true?

A.
Function f(x) is increasing, and g(x) is decreasing.
B.
Function f(x) is decreasing, and g(x) is increasing.
C.
Functions f(x) and g(x) are both decreasing.
D.
Functions f(x) and g(x) are both increasing.

Answers

Answer:

A

Step-by-step explanation:

ITS OPTION (A)

PLZ MARK ME BRAINLIEST..

In parallelogram ABCD, line AC is congruent to line BD. Is ABCD a rectangle?
A. Yes
B. No
C. Cannot be determined

Answers

9514 1404 393

Answer:

  A.  yes

Step-by-step explanation:

The diagonals of a rectangle are congruent and bisect each other.

The diagonals of a parallelogram bisect each other. If they are also congruent, then the parallelogram is a rectangle.

Answer:

Yes.

Step-by-step explanation:

Press option yes

Suppose 41% of the students in a university are baseball players. If a sample of 524 students is selected, what is the probability that the sample proportion of baseball players will be greater than 44%

Answers

Answer:

"0.0808" is the appropriate response.

Step-by-step explanation:

Given:

n = 524

[tex]\hat{P}[/tex] = 41%

or,

   = 0.41

[tex]1-\hat{P}=1-0.41[/tex]

         [tex]=0.59[/tex]

[tex]\mu \hat{P}=\hat{P}[/tex]

     [tex]=0.41[/tex]

Now,

⇒ [tex]6 \hat{P}=\sqrt{\frac{\hat {P}(1-\hat{P})}{n} }[/tex]

         [tex]=\sqrt{\frac{0.41\times 0.59}{524} }[/tex]

         [tex]=0.0215[/tex]

[tex]P(\hat {P}>44 \ percent)[/tex]

or,

[tex]P(\hat{P}>0.44)[/tex]

          [tex]=1-P(\hat{P}<0.44)[/tex]

          [tex]=1-P(\frac{\hat{P}-\mu \hat{P}}{6 \hat{P}} <\frac{0.44-0.41}{0.0215} )[/tex]

          [tex]=1-P(z<1.40)[/tex]

By using the standard normal table, we get

          [tex]=1-0.9192[/tex]

          [tex]=0.0808[/tex]    

Isch is taking a class where people say that everyone fails the first exam; however, he got a 93%. Instead of being proud, he thought, It must have been a fluke. Based on this, what can you conclude about Isch

Answers

Answer:

is a smart guy and also don't want others to hate him

If A = {x, y, z} then the number of non-empty subsets of A is ________.

a) 8 b) 5 c) 6 d) 7​

Answers

Answer:

(d) 7

Step-by-step explanation:

The total number of subsets that can be derived from a set with n elements is given by;

2ⁿ

Out of these subsets, there is one empty set. Therefore, the total number of non-empty subsets is given by;

2ⁿ - 1

Given:

A = {x, y, z}

Set A has 3 elements. This means that n = 3

Therefore, the total number of subsets that can be derived from set A is

2ⁿ = 2³ = 8

One of these 8 subsets is an empty set, therefore, the total number of non-empty subsets of A is;

2ⁿ - 1 = 2³ - 1

8 - 1 = 7

This can be checked by writing all the possible subsets of A as follows;

{x}

{y}

{z}

{x, y}

{y, z}

{x, z}

{x, y, z}

Removing the empty set ∅, the non-empty subsets of A are;

{x}

{y}

{z}

{x, y}

{y, z}

{x, z}

{x, y, z}

At that rate, about how many gallons of milk will they need to purchase in a year’s time?

Give your answer as a whole number.

Answers

Answer: 260 gallons

Step-by-step explanation:

We can use a proportion to solve this problem. We know that a family used 15 gallons of milk every 3 weeks. Since the problem asks for how much they will need for a year, we can gather that a year is 52 weeks. We can come up with the following proportion.

[tex]\frac{15}{3} =\frac{x}{52}[/tex]          [cross multiply]

[tex]3x=780[/tex]       [divide both sides by 3]

[tex]x=260[/tex]

Therefore, they will need to purchare 260 gallons.

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