Answer:
The sales level that has only a 3% chance of being exceeded next year is $3.67 million.
Step-by-step explanation:
When the distribution is normal, we use the z-score formula.
In a set with mean
and standard deviation
, the zscore of a measure X is given by:

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.
In this question, we have that:
In millions of dollars,

Determine the sales level that has only a 3% chance of being exceeded next year.
This is the 100 - 3 = 97th percentile, which is X when Z has a pvalue of 0.97. So X when Z = 1.88.




The sales level that has only a 3% chance of being exceeded next year is $3.67 million.
1.) 16/100 and 0.16
2.) 7/10 and 0.7
3.) 6/10
4.) 73/100
5.) 6 9/10
6.)8 57/100
7.)0.70
8.)0.33
9.)7.20
10.)3.09
11.) 0.80
12.)0.48
13.)0.02
14.)0.55
15.)D
I hope all of these are correct and help
Answer:
21/42
Step-by-step explanation:
Hope this helps :)
Answer:
Profit of $196
Step-by-step explanation:
725 - 529 = $196