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ch4aika [34]
3 years ago
13

If the project is finished within 26 weeks of its start, the project manager will receive a bonus of $1,000; and if the project

is finished within 27 weeks of its start, the bonus will be $500. Find the probability of each bonus. (Round Mean, Standard Deviation, z-value to 2 decimal places and Probability to 4 decimal places.) Path Mean Std. Dev. a-d-e-h 24.33 1.35 a-f-g 15.50 1.26 b-i-j-k 14.83 1.02 c-m-n-o 26.17 1.66 Probability ($1,000) .4099 Probability ($500)

Mathematics
1 answer:
denpristay [2]3 years ago
3 0

Answer:

Probability of finishing within 26 weeks of start and earning $ 1000 bonus = 46%

Probability of finishing within 27 weeks of start and earning $ 500 bonus = 69.23%

Step-by-step explanation:

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Step-by-step explanation:

We are given this function:

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8700 is the initial amount.

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1.04 * 100% = 104%

Now we observe this number. If it is greater than 100% we have growth, if it is lower than 100% it is decay, and if it is equal to 100% than there is no change.

In our case this number is greater than 100% so we have growth. To determine the percentage rate we must substract 100% as it represents the original amount.

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This would be our solution if we don't have an exponent.

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\qquad\qquad\huge\underline{{\sf Answer}}

Here we go ~

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