79% of 67 miles is what?

Mathematics

1 answer:

vovangra [49]3 years ago

4 0

To do it without a calculator:

10% of 67 is 6.7
6.7 x 8 is 53.6 (80%)
1% of 67 is .67
53.6 - .67 is 52.93 (79%)

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A small business owner estimates his mean daily profit as $970 with a standard deviation of $129. His shop is open 102 days a ye

Katena32 [7]

Answer:

The probability that the shopkeeper's annual profit will not exceed $100,000 is 0.2090.

Step-by-step explanation:

According to the Central Limit Theorem if we have a population with mean μ and standard deviation σ and we select appropriately huge random samples (n ≥ 30) from the population with replacement, then the distribution of the sum of values of X, i.e ∑X, will be approximately normally distributed.

Then, the mean of the distribution of the sum of values of X is given by,

$\mu_{x}=n\mu$

And the standard deviation of the distribution of the sum of values of X is given by,

$\sigma_{x}=\sqrt{n}\sigma$

The information provided is:

μ = $970

σ = $129

n = 102

Since the sample size is quite large, i.e. n = 102 > 30, the Central Limit Theorem can be used to approximate the distribution of the shopkeeper's annual profit.

Then,

$\sum X\sim N(\mu_{x}=98940,\ \sigma_{x}=1302.84)$