Answer: Probability that the proportion of students who graduated is greater than 0.743 is P = 0.4755
Step-by-step explanation:
Given that,
Probability of freshmen entering public high schools in 2006 graduated with their class in 2010, p = 0.74
Random sample of freshman, n = 81
Utilizing central limit theorem,
So,
= P( Z > 0.0616)
= 0.4755 ⇒ probability that the proportion of students who graduated is greater than 0.743.
From the given table, the annual premium rate as a percentage of value insured a person at age 35 has to pay is 0.14%.
Reasons:
The data in the table are presented as follows;
From the above table, we have that the amount a 35 year old without health issues will pay per $1,000 is $1.40
Therefore, the amount to be paid for $115,000 is 115 × $1.4 = $161
The amount Bernard pays = 15% more = 1.15 × $161 = $185.15
Therefore;
The amount more Bernard has to pay = $185.15 - $161 = $24.15 ≈ <u>$24</u>
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