Answer:
The cost increase for each square of carpet by 12.
Step-by-step explanation:
The given function is
It is a slope intercept form of the line
Where m is the slope and b is y-intercept.
Therefore the slope of given function is 12 and the y-intercept is 50.
It means the initial ot fixed cost of the carpet is 50 and the cost increased by 12 for each square of carpet.
Answer:
And we can find this probability using the complement rule and the normal standard table or excel:
The firgure attached illustrate the problem
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 retirement savings of a population, and for this case we know the distribution for X is given by:
Where and
We are interested on this probability
And the best way to solve this problem is using the normal standard distribution and the z score given by:
If we apply this formula to our probability we got this:
And we can find this probability using the complement rule and the normal standard table or excel:
The firgure attached illustrate the problem
