Answer:
The company decided to increase the price by $9.60, or by 48%.
Step-by-step explanation:
To measure the price difference in dollars is simple, just subtract the old price from the new one:
Divide the price change by the old price to find the price increase in percentage:
Answer:
a. the probability that her pulse rate is less than 76 beats per minute is 0.5948
b. If 25 adult females are randomly selected, the probability that they have pulse rates with a mean less than 76 beats per minute is 0.8849
c. D. Since the original population has a normal distribution, the distribution of sample means is a normal distribution for any sample size.
Step-by-step explanation:
Given that:
Mean μ =73.0
Standard deviation σ =12.5
a. If 1 adult female is randomly selected, find the probability that her pulse rate is less than 76 beats per minute.
Let X represent the random variable that is normally distributed with a mean of 73.0 beats per minute and a standard deviation of 12.5 beats per minute.
Then : X N ( μ = 73.0 , σ = 12.5)
The probability that her pulse rate is less than 76 beats per minute can be computed as:
From the standard normal distribution tables,
Therefore , the probability that her pulse rate is less than 76 beats per minute is 0.5948
b. If 25 adult females are randomly selected, find the probability that they have pulse rates with a mean less than 76 beats per minute.
now; we have a sample size n = 25
The probability can now be calculated as follows:
From the standard normal distribution tables,
c. Why can the normal distribution be used in part (b), even though the sample size does not exceed 30?
In order to determine the probability in part (b); the normal distribution is perfect to be used here even when the sample size does not exceed 30.
Therefore option D is correct.
Since the original population has a normal distribution, the distribution of sample means is a normal distribution for any sample size.