Complete question:
He amount of time that a customer spends waiting at an airport check-in counter is a random variable with mean 8.3 minutes and standard deviation 1.4 minutes. Suppose that a random sample of n equals 47 customers is observed. Find the probability that the average time waiting in line for these customers is
a) less than 8 minutes
b) between 8 and 9 minutes
c) less than 7.5 minutes
Answer:
a) 0.0708
b) 0.9291
c) 0.0000
Step-by-step explanation:
Given:
n = 47
u = 8.3 mins
s.d = 1.4 mins
a) Less than 8 minutes:

P(X' < 8) = P(Z< - 1.47)
Using the normal distribution table:
NORMSDIST(-1.47)
= 0.0708
b) between 8 and 9 minutes:
P(8< X' <9) =![[\frac{8-8.3}{1.4/ \sqrt{47}}< \frac{X'-u}{s.d/ \sqrt{n}} < \frac{9-8.3}{1.4/ \sqrt{47}}]](https://tex.z-dn.net/?f=%20%5B%5Cfrac%7B8-8.3%7D%7B1.4%2F%20%5Csqrt%7B47%7D%7D%3C%20%5Cfrac%7BX%27-u%7D%7Bs.d%2F%20%5Csqrt%7Bn%7D%7D%20%3C%20%5Cfrac%7B9-8.3%7D%7B1.4%2F%20%5Csqrt%7B47%7D%7D%5D)
= P(-1.47 <Z< 6.366)
= P( Z< 6.366) - P(Z< -1.47)
Using normal distribution table,

0.9999 - 0.0708
= 0.9291
c) Less than 7.5 minutes:
P(X'<7.5) = ![P [Z< \frac{7.5-8.3}{1.4/ \sqrt{47}}]](https://tex.z-dn.net/?f=%20P%20%5BZ%3C%20%5Cfrac%7B7.5-8.3%7D%7B1.4%2F%20%5Csqrt%7B47%7D%7D%5D%20)
P(X' < 7.5) = P(Z< -3.92)
NORMSDIST (-3.92)
= 0.0000
Answer:
It would be to the left of the whole equation.
Step-by-step explanation:
Answer:
The prices of the two stocks will be the same in 1.56 hours.
The price of Stock A at 9 A.M. was $12.95 Since then, the price has been increasing at the rate of $0.12 each hour.
This means that after x hours, the value of Stock A is:
After noon:
Noon is 3 hours after 9 AM, so
So in x hours after noon, the value is given by:
At noon the price of Stock B was $13.70. It begins to decrease at the rate of $0.13 each hour.
This means that after x hours, the value of Stock B is:
In how many hours will the prices of the two stocks be the same?
This is x for which:
The prices of the two stocks will be the same in 1.56 hours.
Step-by-step explanation:
Hope this helps:)
Isisisisjssjsjsnsjsisisi This is 40
Answer:
B. 5 and 1/4 percent
Step-by-step explanation:
Step one:
given
principal= $2460
time= 3 and 1/2 years= 3.5 years
SI= $452
Required
The rate
Step two:
we know that
SI= PRT/100
substituting our data we have
452= 2460*R*3.5/100
452=8610R/100
cross multiply
452*100= 8610R
divide both sides by 8610
45200/8610= R
R= 5.25%
R= 5 and 1/4 percent