Jonathan and Sarah purchased a beach house for $10,000,000. The home appreciates at a rate of 3% per year. The appreciation of t
2 answers:
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Answer:
a)
b) 0.0620
Step-by-step explanation:
We are given the following in the question:
Population mean, = 6
Variance, = 12
a) Value of
We know that
Dividing the two equations, we get,
b) probability that on any given day the daily power consumption will exceed 12 million kilowatt hours.
We can write the probability density function as:
We have to evaluate:
0.0620 is the required probability that on any given day the daily power consumption will exceed 12 million kilowatt hours.