Answer:
The sales level that has only a 3% chance of being exceeded next year is $3.67 million.
Step-by-step explanation:
When the distribution is normal, we use the z-score formula.
In a set with mean
and standard deviation
, the zscore of a measure X is given by:

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 pvalue, we get the probability that the value of the measure is greater than X.
In this question, we have that:
In millions of dollars,

Determine the sales level that has only a 3% chance of being exceeded next year.
This is the 100 - 3 = 97th percentile, which is X when Z has a pvalue of 0.97. So X when Z = 1.88.




The sales level that has only a 3% chance of being exceeded next year is $3.67 million.
Heres Is Your Answer Below
<em><u>70 1/3- 24 1/4=?</u></em>
<em><u /></em>
<em><u>70 4/12- 24 3/12= 46 1/12</u></em>
<em><u /></em>
<em><u>46 1/12 /2= 23 1/24</u></em>
<em><u /></em>
<u>23 1/24 Would be Your Answer</u>
<u></u>
<u>Have A Great Day!</u>
Answer:
37 (hope this helps :)
Step-by-step explanation:
8 slices per pizza
5 pizzas
8 * 5 = 40
40 - 3 = 37
37 slices of pizza were eaten. and 3 slices were not eaten
Answer: B
Step-by-step explanation:
Using 6 decimals for pi = 3.141592

