Let x be the price of a new car. Let n be the number of people willing to buy the car at price x. As the price of the car goes f
rom $12,500 to $13,700, fewer people will be willing to buy the car. Choose the graph that shows the relationship between x and n.
1 answer:
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Check the picture below.
Answer:
And using the normal standard table or excel we find the probability:
Step-by-step explanation:
Previous concepts
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".
Solution to the problem
Let X the random variable that represent the avergae number of weeks an individual is unemployed of a population, and for this case we know the distribution for X is given by:
Where and
Since the distribution for X is normal then, the distribution for the sample mean is given by:
We select a sample of n =50 people. And we want to find the following probability
And using the normal standard table or excel we find the probability: