Let x be a random variable representing the price of a Congo-imported black diamond. Let the higher price be p. Then,
P(x < p) = P(x < (p - mean)/sd) = P(x < (p - 60,430)/21,958.08) = P(z < 2)
Therefore,
(p - 60,430)/21,958.08 = 2
p - 60,430 = 2 x 21,958.08 = 43,916.16
p = 34,916.16 + 60,430 = 104.346.16
Therefore, The required price is $104,346.16
D--because it has y^2 in the equation and to isolate y you have to take the square root, the graph is going to be curved rather than linear.
The answer would be B. Look at the graph - on top, to the left goes toward -infinity, while to the right it does the opposite. On the bottom, or the y, to the left and right it increases indefinitely. Plug this together, and you have your answer.
I hope this helped, and have a nice day!
Answer:
A) 0.50x +300 < 650, where x < 700
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