Answer:
$448 million
Step-by-step explanation:
When it is 2011, t=11, so
A company determined that for each $1 increase in the price of their product, the
2 answers:
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Correct Answer:
Option A. 0.01
Solution:
This is a problem of statistics and uses the concept of normal distributions. We need to convert the score of 90 into z-score and then find the desired probability from standard normal distribution table.
Converting 90 to z-score:
Now we are to find the probability of z score being more than 2.33. From the z-table the probability comes out to be 0.01.
Therefore, we can conclude that the probability of class average is greater than 90 is 0.01.
Option A. 0.01
Solution:
This is a problem of statistics and uses the concept of normal distributions. We need to convert the score of 90 into z-score and then find the desired probability from standard normal distribution table.
Converting 90 to z-score:
Now we are to find the probability of z score being more than 2.33. From the z-table the probability comes out to be 0.01.
Therefore, we can conclude that the probability of class average is greater than 90 is 0.01.