We will solve the problem for both cases:
Case 1:
If the amount increases by 7% we have the number for which we are going to multiply is given by:
Case 2:
If the amount decreases by 7% we have the number for which we are going to multiply is given by:
Answer:
single multiplier you would use for each case is:
x = 1.07 (increase)
x = 0.93 (decrease)
Answer:
60.26% probability that less than twenty students are absent
Step-by-step explanation:
Binomial probability distribution
Probability of exactly x sucesses on n repeated trials, with p probability.
Can be approximated to a normal distribution, using the expected value and the standard deviation.
The expected value of the binomial distribution is:
The standard deviation of the binomial distribution is:
Normal probability distribution
Problems of normally distributed samples can be solved using the z-score formula.
In a set with mean and standard deviation
, the zscore 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 pvalue, we get the probability that the value of the measure is greater than X.
When we are approximating a binomial distribution to a normal one, we have that ,
.
In this problem, we have that:
.
So
If a random sample of 120 names is called on a Monday, what is the probability that less than twenty students are absent?
This is the pvalue of Z when X = 20-1 = 19. So
has a pvalue of 0.6026.
60.26% probability that less than twenty students are absent