Answer:
Step-by-step explanation:
Let X be the length of pregnancy.
X is N(268, 15)
a) Prob of pregnancy lasting 307 days or longer
= P(X>307) =
=0.5-0.4953
=0.0047
b) Lowest 2% is 2nd percentile
Z=-2.55
X score = 268-2.55(15)
= 229.75 days
If length of days >230 days then it is not premature.
Answer:
-$11,000 is the economic profit or we can say it is a loss.
Step-by-step explanation:
The job paid Bob = $100000
The insurance cost is = $8,000
The material cost is = $15,000
The lease payments are = $8,000
The sales revenue is $120,000.
So, Bob's economic profit is:
Therefore, his economic profit is -$11000.