1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kolbaska11 [484]
4 years ago
9

What percentage of data would you predict would be between 40 and 70 and what percentage would you predict would be more than 70

miles?
Business
2 answers:
Dvinal [7]4 years ago
8 0

Answer:

43.5% and 23.9%

Explanation:

The correct question is:

What percentage of data would you predict would be between 40 and 70 and what percentage would you predict would be more than 70 miles? Subtract the probabilities found through =NORM.DIST(70, mean, stdev, TRUE) and =NORM.DIST(40, mean, stdev, TRUE) for the “between” probability. To get the probability of over 70, use the same =NORM.DIST(70, mean, stdev, TRUE) and then subtract the result from 1 to get “more than”.

Mean; 51.6571429  

Standard deviation: 25.8012116

Predicted percentage between 40 and 70: 43.57%

Actual percentage: 22.86

Predicted percentage more than 70 miles: 23.86%

Actual percentage: 37.14

SOLUTION:

Since the standard deviation and mean are given, we ca use the z-score to determine the probability of the percentages asked for in the question

The z-score formula is

z = (x-μ)/σ

where x is the data value we are looking for,

μ is the sample mean, and

σ is the sample standard deviation.

The data value should be between 40 and 70

So the z-score for 40=

(40−51.6571429)/25.8012116= −0.45

P-value of the -0.45 z-score (checked on the z-score table) = 0.3264

The z-score for 70 will be

(70−51.6571429)/25.8012116= 0.71

P-value of the 0.71 z-score (checked on the z-score table) = 0.7611

Therefore the percentage between 40 and 70= p-value at 70 - p-value at 40

= 0.7611 - 0.3264

= 0.4347 converted to percentage = 43.5%

To find the percentage above 70, we subtract the p-value at 70 from 1

1 - 0.7611 = 0.2389  converted to percentage = 23.9%

Mariana [72]4 years ago
4 0

Answer:

<em>The percentage of data of prediction between 40 and 70 is 0.4347 or about 43.57%., the percentage of prediction that would be more than 70 miles is 0.2389 or about 23.89%</em>

Explanation:

<em>Let us Recall that, </em>

<em>We can perform analysis using the z-score of certain values, only when the standard deviation and the men are. The z-score is the measure of how many standard deviations from the mean a certain value is known. by finding the percentage of values that is expected to be above or below a value is by applying the z-score </em>

<em>The first step is to find the z-score for each of these values. After that, we apply the Standard Normal Probabilities table to find the percentage between the values. The z-score given as follows, </em>

<em>z= x-ẋ/s </em>

<em> ẋ = the sample mean </em>

<em>s = the sample standard deviation </em>

<em>x = is the data value not given </em>

<em> The mean value is = 51.6571429 </em>

<em>The standard deviation value is = 25.8012116 </em>

<em> Then </em>

<em>The z score for 40 is given as </em>

<em> z = 40 – 51.6571429/ 25.8012116 = - 0.45 </em>

<em> The z score for 70 is given as, </em>

<em> Z = 70 – 51.6571429/ 25.8012116 = -0.71 </em>

<em> The table entry for both -0.45 and 0.71 is 0.3264, and 0.7611 </em>

<em>Therefore, </em>

<em> find the percentage between 40 and 70, we subtract table entries to get 0.7611 - 0.3264 = 0.4347 or about 43.57%. </em>

<em>To find the percentage above 70, we subtract the table entry for 70 from 1 to get 1 - 0.7611 = 0.2389 or about 23.89% </em>

You might be interested in
Since Tanya Martin retired, she has used income from her investment in the Alger Mid Cap growth fund to supplement her other ret
elena-s [515]

Answer:

She will receive $ 7,700.

Explanation:

It will receive $ 7,700, because it has taken 55% of its growth growth from its investment, which was $ 14,000 equals that amount. That is (14,000 x 0.55 = 7,700). Thus, by multiplying the value with the retracted percentage we will have $ 7,700.

4 0
3 years ago
The equivalent annual cost method is useful in determining: Multiple Choice the operating cash flow for mutually exclusive proje
Evgesh-ka [11]

Answer:

which one of two machines should be purchased when the machines are mutually exclusive, have differing lives, and will be replaced at the end of their lives.

Explanation:

The Equivalent annual cost would be used for different reasons such as capital budgeting but the important purpose is that it is usedfor analyzing two or more expected projects having different  time period , in which the costs are the most relevant variable.

So according to the given situation, the above represent the answer and the same would be considered  

6 0
3 years ago
A new oven will save $100 per year in electricity expense. How much can we afford to pay for this oven if it is expected to last
V125BC [204]

Answer:

$557.55

Explanation:

Missing word <em>"The interest rate is 16​% per year"</em>

<em />

Present Value of annuity of 1 = (1-(1+i)^-n)/i

Where, i = 16%, n=15

Present Value of annuity of 1 = (1-(1+0.16)^-15)/0.16

Present Value of annuity of 1 = 5.575456

Present Value of saving of electricity expense = Annual Saving * Present Value of annuity of 1 = $100.00 * 5.575456 = $557.55. So, the amount we can afford to pay is $557.55

7 0
3 years ago
County governments in Texas:a.are single-purpose governments.b.all operate under the general laws of the state of Texas for the
Svet_ta [14]

Answer: All operate under the general laws of the state of Texas for the operation of county government.

Explanation: County officials are also members of the community, in where they are obliged to pay all necessary taxes as do and also drive on public roads  as you do too.

6 0
3 years ago
Horace is seeking to exchange money in preparation for his trip to Uruguay. He will need 5,000 Uruguayan pesos, and the exchange
STatiana [176]

Answer:

d. $ 263.50

Explanation:

The Exchange  rate is 1 dollar = 19.924 Uruguayan Peso.

We need to buy 5000 Uruguayan pesos but the agent requires a comision of  a 5%  when converting currency, so really we will need to buy:

5,000 Uruguayan pesos + 5,000 Uruguayan pesos* 0.05 = 5,250 Uruguayan pesos.

Now if we apply the given exchange rate we will obtain the amount of US Dollars we need:

x U$S = (5,250 Ur.$)/(19,924 Ur.$/U$S)= 263,50 U$S needed

7 0
3 years ago
Other questions:
  • Why is a mixed economy not considered a major economic system along with free enterprise and socialism?
    7·1 answer
  • Describe the meaning of venture opportunity screening.
    13·1 answer
  • Which measurement is between 3/4 inch and 7/8
    9·2 answers
  • You are applying for jobs at two companies. company a offers starting salaries with $31,000 and $1000. company b offers starting
    9·1 answer
  • The monopolist has total fixed costs of $40 and a constant marginal cost of $5. At the profit-maximizing level of output, the mo
    10·1 answer
  • Which of the following is an example of technological progress?
    15·2 answers
  • The goals of Macroeconomics relate to the ______________ to achieve a balanced higher standard of living for a nation.
    12·1 answer
  • In a service industry such as a package carrier, the ____ of the conversion process is usually small or none at all.
    12·1 answer
  • Breaking down the answer to the question: "Have you ever purchased a ticket online for an American Airlines flight?" into subgro
    9·1 answer
  • The CEO of a national restaurant chain wants to create a new and improved performance appraisal system. She meets with the vice
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!