A state gets its money from a state lottery, a property tax, a sales tax of 5%, and an excise tax. This year it projects that it
2 answers:
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Answer:
a) 0.3520
b) 0.9884
c) 0.1292
d) 0.1292
e) 0.7648
Step-by-step explanation:
Problems of normally distributed samples can be solved using the z-score formula.
In a set with mean and standard deviation
, the zscore of a measure X is given by
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.
In this problem, we have that:
The expected project completion time for the construction of a pressure vessel is 18 months. So .
And the project variance is 7. The standard deviation is the square root of the variance, so .
a) What is the probability that the project will require at least 19 months?
The pvalue of the zscore of is the probability that the project will require less than 19 months. So the probability that the project will require at least 19 months is the subtraction of 1 by this pvalue.
The pvalue of Z = 0.38 is 0.6480.
So the probability that the project will require at least 19 months is 1 - 0.6480 = 0.3520.
b) What is the probability that the project will be completed within 24 months?
This is the pvalue of the zscore of X = 24.
The pvalue of Z = 2.27 is .9884. This means that the probability that the project will be completed within 24 months is .9884.
c) What is the probability that the project will require at least 21 months?
Same logic as a). We find the pvalue of the zscore of X = 21, then we subtract 1 by this value.
The pvalue of Z = 1.13 is 0.8708.
So the probability that the project will require at least 21 months is 1 - 0.8708 = 0.1292.
d) What is the probability that the project will be completed within 15 months?
Same logic as b). This is the pvalue of the zscore of X = 15.
The pvalue of Z = -1.13 is .1292. This means that the probability that the project will be completed within 15 months is .1292.
e) What is the probability that the project will take between 16 and 24 months to complete?
This is the pvalue of Z = 24 subtract by the pvalue of Z = 16.
In b), we found that the pvalue of Z = 24 is .9884
Now we find the pvalue of Z = 16
The pvalue of Z = -0.76 is 0.2236
So the probability that the project will take between 16 and 24 months to complete is 0.9884 - 0.2236 = 0.7648
Answer:
4 for the slope -3 for the y-intercept
Step-by-step explanation:
