X=1/6? Not too sure though
Answer:
a) 0.71
b) 0.9863
Step-by-step explanation:
a. Given the mean prices of a house is $403,000 and the standard deviation is $278,000
-The probability the probability that the selected house is valued at less than $500,000 is obtained by summing the frequencies of prices below $500,000:

Hence, the probability of a house price below $500,000 is 0.71
b. -Let X be the mean price of a randomly selected house.
-Since the sample size 40 is greater than 30, we assume normal distribution.
-The probability can therefore be calculated as follows:

Thus, the probability that the mean value of the 40 houses is less than $500,000 is 0.9863
Answer:
p=
Step-by-step explanation:
decimal form p= 33.8823529411764705
mixed number form= 33
Answer:
the profit in the case when the shop is closed for 6 hours is $41
Step-by-step explanation:
The computation of the profit in the case when the shop is closed for 6 hours is shown below:
= Expression of the situation × number of hours in which the shop is closed
= 45 - 2 ÷ 3 × 6 hours
= $41
hence, the profit in the case when the shop is closed for 6 hours is $41
Therefore the third option is correct
The answer to this question would be
y
=
1
6
x
+
3