Which number is greater than the absolute value of -3/8? -5/8 -1/8 1/4 0.5
2 answers:
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Answer:
The amount of money separating the lowest 80% of the amount invested from the highest 20% in a sampling distribution of 10 of the family's real estate holdings is $238,281.57.
Step-by-step explanation:
Let the random variable <em>X</em> represent the amount of money that the family has invested in different real estate properties.
The random variable <em>X</em> follows a Normal distribution with parameters <em>μ</em> = $225,000 and <em>σ</em> = $50,000.
It is provided that the family has invested in <em>n</em> = 10 different real estate properties.
Then the mean and standard deviation of amount of money that the family has invested in these 10 different real estate properties is:
Now the lowest 80% of the amount invested can be represented as follows:
The value of <em>z</em> is 0.84.
*Use a <em>z</em>-table.
Compute the value of the mean amount invested as follows:
Thus, the amount of money separating the lowest 80% of the amount invested from the highest 20% in a sampling distribution of 10 of the family's real estate holdings is $238,281.57.
Answer:
and
Step-by-step explanation:
Assume that Mike bought only cookies and hot dogs.
The total can be represented as:
--- (1)
And the amount spent can be represented as:
--- (2)
Required
Determine the system of equation
Let c represents the number of cookies and h, number of hot dogs.
implies
And
Cost of cookies = 0.75 * c
Cost of hot dogs = 1.10 * h
So, we have:
Hence, the equations are:
and
Solving for c and h
Make c the subject in
Substitute 5 - h for c in
Collect Like Terms
Solve for h
-- approximated
Recall that: