You are a farmer and want to spend under $35,000 on farm equipment. You need a hay bailer that costs $6,250 and several plowing
1 answer:
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A suitable probability calculator can tell you the probability is about 6.7%.
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The standard deviation of the distribution of sample means is the population standard deviation (6) divided by the square root of the sample size (√144=12). Thus, your threshold is about (19.25-20)/(6/12) = -1.5 standard deviations from the mean.
ANSWER= 30 rides
STEP-BY-STEP EXPLANATION
y=mx+b
m= $0.5 (per ride)
b= $5 (the cost)
x(rides) and y(parents money)
y= 0.5 x + 5
20= 0.5 x +5
20 - 5 = 0.5 x
15=0.5x
x=
x=30 rides