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WINSTONCH [101]
3 years ago
5

if environco has an annual television advertising budget of $8,000,000 and revenue of $138,000,000 what percentage of revenue is

spent on advertising
Advanced Placement (AP)
1 answer:
Natali [406]3 years ago
4 0
The formula for finding the <span>percentage of revenue that is spent on advertising will be:

</span>Percentage of revenue that is spent on advertising = Advertising Budget / Revenue x 100%

Using the values, we get:

Percentage of revenue that is spent on advertising = (8,000,000/138,000,000) x 100% = 5.80%

This means 5.80% of <span>revenue is spent on advertising</span>
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In the Dominican Republic in August, the distribution of daily high temperature is approximately normal with mean 86 degrees Fah
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Answer:

  • <u><em>The standard deviation of the distribution is 1.5ºF.</em></u>

Explanation:

The known 68-95-99.7 rule, the empirical rule, states that, in a normal distribution 68% of the data are within one standard deviation from the mean, 95% of the data are within two standard deviations from the mean, and 99.7% are within three standard deviations:

  • 68% ⇒ mean ± 1 standard deviation
  • 95% ⇒ mean ± 2 standard deviations
  • 99.7% ⇒ mean ± 3 standard deviation.

Hence, for the<em> approximately normal distribution of the daily high temperatures</em>,<em> with mean 86º</em>, and a range of <em>83ºF to 89ºF</em> for <em>95% of the data,</em> you can write:

  • 86ºF ± 2 SD ⇒ 86ºF - 2 SD = 83ºF, and

  • 86ºF ± 2 SD ⇒  86ºF + 2SD = 89 ºF

Both equations will lead to the same result:

  • 86ºF - 2 SD  = 83ºF ⇒ 2 SD = 86ºF - 83ºF = 3ºF

         SD = 3ºF / 2 = 1.5ºF

Also:

  • 86ºF + 2SD = 89ºF ⇒ 2 SD = 89ºF - 86ºF = 3ºF

         SD = 3ºF / 2 = 1.5ºF

Therefore, the standard deviation of the distribution is 1.5ºF.

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