The amount of money paid out of earnings that is divided among shareholders.

What are some of the applications for exponential functions?

frozen [14]

Answer:

Some of the applications for exponential functions are:

1. model populations

2. carbon date artifacts

3. compound interest

hope this helps!

4 0

2 years ago

A company prices its tornado insurance using the following assumptions:

ziro4ka [17]

Answer:

.441320612

or

44.132%

Step-by-step explanation:

This is binomial

fewer than 3 is equal to p(0)+p(1)+p(2)

$p(0)={19\choose0}*.15^0*(1-.15)^{19}=.045599448\\p(1)={19\choose1}*.15^1*(1-.15)^{18}=.152892268\\p(2)={19\choose2}*.15^2*(1-.15)^{17}=.242828896\\p(0)+p(1)+p(2)=.441320612$

8 0

2 years ago

A rectangular piece of gift wrap is 5.5 inches in length and 2.1 inches in width. What is the area of the gift wrap?

Nina [5.8K]

A=11.55in²lLengthinwWidthin

4 0

2 years ago

Read 2 more answers

Determine the surface area of the cylinder below.

antoniya [11.8K]

Answer:

D.

Step-by-step explanation:

A=2πrh+2πr2 is the equation, so now all you have to do is plug the numbers in. (also there's a calculator for this on google btw)

4 0

2 years ago

The taxi and takeoff time for commercial jets is a random variable x with a mean of 8.9 minutes and a standard deviation of 2.9

Eva8 [605]

Answer:

a) 0.2981 = 29.81% probability that for 37 jets on a given runway, total taxi and takeoff time will be less than 320 minutes.

b) 0.999 = 99.9% probability that for 37 jets on a given runway, total taxi and takeoff time will be more than 275 minutes

c) 0.2971 = 29.71% probability that for 37 jets on a given runway, total taxi and takeoff time will be between 275 and 320 minutes

Step-by-step explanation:

To solve this question, we need to understand the normal probability distribution and the central limit theorem.

Normal Probability Distribution:

Problems of normal distributions can be solved using the z-score formula.

In a set with mean $\mu$ and standard deviation $\sigma$ , the z-score of a measure X is given by:

$Z = \frac{X - \mu}{\sigma}$

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.

Central Limit Theorem

The Central Limit Theorem establishes that, for a normally distributed random variable X, with mean $\mu$ and standard deviation $\sigma$ , the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean $\mu$ and standard deviation $s = \frac{\sigma}{\sqrt{n}}$ .

For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.

Mean of 8.9 minutes and a standard deviation of 2.9 minutes.

This means that $\mu = 8.9, \sigma = 2.9$

Sample of 37:

This means that $n = 37, s = \frac{2.9}{\sqrt{37}}$

(a) What is the probability that for 37 jets on a given runway, total taxi and takeoff time will be less than 320 minutes?

320/37 = 8.64865

Sample mean below 8.64865, which is the p-value of Z when X = 8.64865. So

$Z = \frac{X - \mu}{\sigma}$

By the Central Limit Theorem

$Z = \frac{X - \mu}{s}$

$Z = \frac{8.64865 - 8.9}{\frac{2.9}{\sqrt{37}}}$

$Z = -0.53$

$Z = -0.53$ has a p-value of 0.2981

0.2981 = 29.81% probability that for 37 jets on a given runway, total taxi and takeoff time will be less than 320 minutes.

(b) What is the probability that for 37 jets on a given runway, total taxi and takeoff time will be more than 275 minutes?

275/37 = 7.4324

Sample mean above 7.4324, which is 1 subtracted by the p-value of Z when X = 7.4324. So

$Z = \frac{X - \mu}{s}$

$Z = \frac{7.4324 - 8.9}{\frac{2.9}{\sqrt{37}}}$

$Z = -3.08$

$Z = -3.08$ has a p-value of 0.001

1 - 0.001 = 0.999

0.999 = 99.9% probability that for 37 jets on a given runway, total taxi and takeoff time will be more than 275 minutes.

(c) What is the probability that for 37 jets on a given runway, total taxi and takeoff time will be between 275 and 320 minutes?

Sample mean between 7.4324 minutes and 8.64865 minutes, which is the p-value of Z when X = 8.64865 subtracted by the p-value of Z when X = 7.4324. So

0.2981 - 0.0010 = 0.2971

0.2971 = 29.71% probability that for 37 jets on a given runway, total taxi and takeoff time will be between 275 and 320 minutes

7 0

2 years ago