Answer:
i) P(X<33) = 0.9232
ii) P(X>26) = 0.001
Step-by-step explanation:
<u><em>Step(i):-</em></u>
Given that the mean of the Population = 30
Given that the standard deviation of the Population = 4
Let 'X' be the Normal distribution
<u>Step(ii):-</u>
i)
Given that the random variable X = 33

>0
P(X<33) = P( Z<1.5)
= 1- P(Z>1.5)
= 1 - ( 0.5 - A(1.5))
= 0.5 + 0.4232
P(X<33) = 0.9232
<u>Step(iii) :-</u>
Given that the random variable X = 26

>0
P(X>26) = P( Z>3.5)
= 0.5 - A(3.5)
= 0.5 - 0.4990
= 0.001
P(X>26) = 0.001
Answer:B(0.75+0.25)x
Step-by-step explanation:
Is a discount of 0.75 was given the d real value of the sweatshirt would be a whole number
Which is 1-0.75=0.25
Part a) Total Cost
Total Cost for recapping the tires is the sum of fixed cost and the variable cost. i.e.
The total cost is ( $65,000 fixed) + (15,000 x $7.5)
=$65,000+$112,500
=$177,500
Part b) Total Revenue
Revenue from 1 tire = $25
Total tires recapped = 15000
So, Total revenue = 15000 tires x $25/tire
Total Revenue =$375,000
Part c) Total Profit
Total Profit = Revenue - Cost
Using the above values, we get:
Profit = $375,000 - $177,500
Profit = $197,500
Part d) Break-even Point
Break-even point point occurs where the cost and the revenue of the company are equal. Let the break-even point occurs at x-tires. We can write:
For break-even point
Cost of recapping x tires = Revenue from x tires
65,000 + 7.5 x = 25x
65,000 = 17.5 x
x = 3714 tires
Thus, on recapping 3714 tires, the cost will be equal to the revenue generating 0 profit. This is the break-even point.