James is looking into life insurance. He currently makes $50,000 a year and has two children, ages 15 and 11. How much coverage
2 answers:
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Answer:
- 17,750
- 1737
Step-by-step explanation:
A suitable table or calculator is needed.
One standard deviation from the mean includes 68.27% of the total, so the number of bottles in the range 20 ± 0.16 ounces will be ...
0.6827·26,000 = 17,750 . . . . . within 20 ± 0.16
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The number below 1.5 standard deviations below the mean is about 6.68%, so for the given sample size is expected to be ...
0.66799·26,000 = 1737 . . . . . below 19.76
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<em>Comment on the first number</em>
The "empirical rule" tells you that 68% of the population is within 1 standard deviation (0.16 ounces) of the mean. When the number involved is expected to be expressed to 5 significant digits, your probability value needs better accuracy than that. To 6 digits, the value is 0.682689, which gives the same "rounded to the nearest integer" value as the one shown above.
