4) Cody invests $2,733 in a retirement
1 answer:
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<u>Story Problem</u>
Mr. Bill Gates bought a house in Italy for and a house in Canada for
. What is the total cost of the two houses?
we know that
The total cost is the sum of the cost each house
so
therefore
the answer is
The total cost is
Answer:
Probability that a randomly selected firm will earn less than 100 million dollars is 0.8413.
Step-by-step explanation:
We are given that the mean income of firms in the industry for a year is 95 million dollars with a standard deviation of 5 million dollars. Also, incomes for the industry are distributed normally.
<em>Let X = incomes for the industry</em>
So, X ~ N()
Now, the z score probability distribution is given by;
Z = ~ N(0,1)
where, = mean income of firms in the industry = 95 million dollars
= standard deviation = 5 million dollars
So, probability that a randomly selected firm will earn less than 100 million dollars is given by = P(X < 100 million dollars)
P(X < 100) = P( <
) = P(Z < 1) = 0.8413 {using z table]
Therefore, probability that a randomly selected firm will earn less than 100 million dollars is 0.8413.