Answer:
No, he doesn't it would be 5 cents over the amount of money he has.
Answer:
a) 0.0002
b) 0.0057
c) 0.0364
Step-by-step explanation:
Lets start by stating the probabilities of a person belonging to each policy:
Standard: 0.3
Preferred: 0.5
Ultra- Preferred: 0.2
The probability of person belonging to each policy AND dying in the next year:
Standard: 0.3 x 0.015 = 0.0045
Preferred: 0.5 x 0.002 = 0.001
Ultra- Preferred: 0.2 x 0.001 = 0.0002
a) The probability a ultra - preferred policy holder dies in the next year is 0.001. To find the probability of a person being both a ultra - preferred policy holder AND die in the next year is: 0.001 x 0.2= 0.0002
b) The probability is given by adding the probabilities calculated before :
0.0045 + 0.001 + 0.0002 = 0.0057
c) We use the results above again. This is 0.0002 / (0.001 + 0.0045). The answer comes out to be 0.0364
Seven divided by eight is 0.88 or 0.875
Percentage decrease = d
h1 = 2950
h2 = 2550
d/100 = (h2-h1)/h1
d/100 = (2950-2550)/2950
d=13.56
Statistic significance requires that your sample be representative of the population, but I'm struggling with this because if the class is an elective then the answer would be: <span>No, it is not a valid inference because she asked all 22 students in her science class instead of taking a sample of the students in her school.
BUT if the class is required, as most science classes are, then it WOULD be a random sample of the school. So the last option would be correct.
My guess though is that the teacher is looking for answer B.
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