Help please I’m just not good at this and. Get really confused when putting things in standard form. Use two points on the line
to find the equation of the line in standar form
1 answer:
You might be interested in
Answer:
0.9792
Step-by-step explanation:
Data provided in the question:
Average gross sales = $1,240
Standard deviation = $180
sample size = 40
Now,
standard deviation of sample average
=
=
= 28.46
Now,
z value for 1200 = = -1.4,
and,
p value for (z = -1.4) = 0.0808
therefore,
P(average < $1200) = 0.0808
Thus,
probability that the average over the next 40 weekdays will exceed $1,200
= 1 - 0.808
= 0.9792