Answer:
Joe saved 68.25
Step-by-step explanation:
Subtract 6.85 from 80, you get 73.15
Subtract 5.50 from 73.15 and you get 67.65.
Subtract 21.40 from 67.65 and you get 46.25.
Add 22 to that amount, you get 68.25.
P.S
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<em><u>~Faker/Tosrel</u></em>
Answer:
The mean of the sampling distribution of the sample proportions is 0.82 and the standard deviation is 0.0256.
Step-by-step explanation:
The Central Limit Theorem estabilishes that, for a normally distributed random variable X, with mean
and standard deviation
, the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean
and standard deviation
.
For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.
For proportions, the mean is
and the standard deviation is 
In this problem, we have that:
.
So


The mean of the sampling distribution of the sample proportions is 0.82 and the standard deviation is 0.0256.
Answer:
35.35%
Step-by-step explanation:
If there were no deductibles, the expected claim payment would be:

If the collision insurance claim is under $2,000, then the insurer would not pay anything, but if X > $2,000, then the insurer would pay X - $2,000. The new expected value is:

The percentage reduction on the claim payment is:

There was a 35.35% reduction.
Answer:
in this form, the "-r" would cause the result to decrease
I assume that the answer is "r"
if r = .1 (10 %) then 1-.1 = .9
if you have 100 items then y = 100(.9)^1 = 90
the total decreased by 10% ... y = 100(.9)^2 after 2 time periods
Step-by-step explanation: