The interval for mean sale price is $582
According to statement
The given rates are 560, 468, 685, 534, 658, 593
Now,
Sample mean = X / n
Put the values in it and then
(560+ 468+ 685+ 534+ 658+ 593) / 6 = 582.1667
and use this formula S = sqrt [ X2 - n 2 / (n-1) ]
and put the values in these and
S = sqrt [ X2 - n 2 / (n-1) ] = 95.97179
So, The interval for mean sale price is $582
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Answer:
12,500-11,625=875
875/12,500=7/100
7/100*100=7
The percentage reduction is 7%
P.S * represents multiplication
For A:
You add the probabilities to get the answer to A: = .75, or 3/4
Note that the probability of ALL THREE of them hitting would be 1/3 x 1/4 x 1/5.
For B:
2/3 and 3/4 is the probability of the other two people MISSING (the remainder of 1/3, 1/4)
1.0 = 100% chance to hit the target, so 1.0 x 2/3 x 3/4 = 1/2
Mark's chance of hitting is 1/5, so do 1/2 x 1/5, = 1/10
