What is the solution to 2x+8=3x-5
2 answers:
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Answer:
So the answer for this case would be n=11 rounded up to the nearest integer
Step-by-step explanation:
Previous concepts
A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".
The margin of error is the range of values below and above the sample statistic in a confidence interval.
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
represent the sample mean for the sample
population mean (variable of interest)
represent the population standard deviation
n represent the sample size
Solution to the problem
The confidence interval for the mean is given by the following formula:
(1)
The confidence interval for this case is given by: (740, 920)
We can find the estimate for the mean and we got:
and the margin of error is given by :
The margin of error is given by this formula:
(a)
And on this case we have that ME =90 and we are interested in order to find the value of n, if we solve n from equation (a) we got:
(b)
The critical value for 95% of confidence interval now can be founded using the normal distribution. And in excel we can use this formla to find it:"=-NORM.INV(0.025;0;1)", and we got , replacing into formula (b) we got:
So the answer for this case would be n=11 rounded up to the nearest integer
Answer:
(a) E(Y) = 4400
sd (Y) =225
(b) P(Y ≤ 4500) = 0.67003
(c) P (X₁ > X₂) = 0.31744
Step-by-step explanation:
(a) Here we have
Y = 2·X₁ + 3·X₂
Therefore E(Y) = 2·E(X₁) + 3·E(X₂) = 2000 + 2400 = 4400
sd(Y) is given by
Variance Y = (sd (Y))² = 2²·(sd (X₁))² + 3²·(sd (X₂))²
= 4·8100 + 9·2025 = 50625
sd (Y) = √50625 = 225
(b) The probability that the revenue does not exceed 4500 is given by
P(Y ≤ 4500) = P(z ≤0.444)
z =
z = = 0.444
Therefore from the normal distribution table, we have
P = 0.67003
(c) The probability that the P(X₁ > X₂)
Since the gas station sells 2 portions of X₁ to 3 portions of X₂
Therefore, the probability that the gas station sells more of X₁ is given by
₅C₀ × 2/5⁰×3/5⁵ = 0.07776
₅C₁ × 2/5¹×3/5⁴= 0.2592
₅C₂ × 2/5²×3/5³ = 0.3456
P (X₁ > X₂) = 1 - 0.68256 = 0.31744