Answer:
$39,851.25
Step-by-step explanation:
If the sales increase at a rate of 9% per year, this means it will be 109% of the previous year's value since 100% + 9% = 109%
109% in decimal form = 109/100 = 1.09
Therefore, the exponential function is:
, where
is the number of years
So when ,
After 8 years, annual sales = $39,851.25
Answer:
0.1994 is the required probability.
Step-by-step explanation:
We are given the following information in the question:
Mean, μ = 166 pounds
Standard Deviation, σ = 5.3 pounds
Sample size, n = 20
We are given that the distribution of weights is a bell shaped distribution that is a normal distribution.
Formula:
Standard error due to sampling =
P(sample of 20 boxers is more than 167 pounds)
Calculation the value from standard normal z table, we have,
0.1994 is the probability that the mean weight of a random sample of 20 boxers is more than 167 pounds
Answer:
Step-by-step explanation:
