It is exponentially each time you are dividing by 4/3
Answer:
Step-by-step explanation:
The basic cost of the Snout is 45.99
15% of that amount = 45.99*15/100 = <u> 6.90</u>
Total Cost 52.89
You could figure out the total cost a slightly different way.
You could set up
Cost = snout (1 + 15%)
Cost = snout(1 + 15/100)
Cost = snout( 1 + 0.15)
Cost = 45.99(1.15)
Cost = 52.89
Answer:
0.0918
Step-by-step explanation:
We know that the average amount of money spent on entertainment is normally distributed with mean=μ=95.25 and standard deviation=σ=27.32.
The mean and standard deviation of average spending of sample size 25 are
μxbar=μ=95.25
σxbar=σ/√n=27.32/√25=27.32/5=5.464.
So, the average spending of a sample of 25 randomly-selected professors is normally distributed with mean=μ=95.25 and standard deviation=σ=27.32.
The z-score associated with average spending $102.5
Z=[Xbar-μxbar]/σxbar
Z=[102.5-95.25]/5.464
Z=7.25/5.464
Z=1.3269=1.33
We have to find P(Xbar>102.5).
P(Xbar>102.5)=P(Z>1.33)
P(Xbar>102.5)=P(0<Z<∞)-P(0<Z<1.33)
P(Xbar>102.5)=0.5-0.4082
P(Xbar>102.5)=0.0918.
Thus, the probability that the average spending of a sample of 25 randomly-selected professors will exceed $102.5 is 0.0918.