An employee earns $28.50 after 3 hours and $237.50 after 25 hours. What is the slope? What does the slope represent?
1 answer:
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Answer:
The desired z-score is 2.
Step-by-step explanation:
Normal Probability Distribution:
Problems of normal distributions can be solved using the z-score formula.
In a set with mean and standard deviation
, the z-score 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 p-value, we get the probability that the value of the measure is greater than X.
n(12,2.5)
This means that
z score when x =17
This is Z when X = 17. So
The desired z-score is 2.
The confidence interval would be (0.122, 0.278).
We first find our z-score. We want a 95% confidence interval:
0.95/2 = 0.475
Looking this up in the z-table, (http://www.statisticshowto.com/tables/z-table/) we see the z-score is 1.96.
The formula we will use is:
In this problem, p = 20/100 = 0.2, and n=100:
We first find our z-score. We want a 95% confidence interval:
0.95/2 = 0.475
Looking this up in the z-table, (http://www.statisticshowto.com/tables/z-table/) we see the z-score is 1.96.
The formula we will use is:
In this problem, p = 20/100 = 0.2, and n=100: