A) intercepts: zero profit; maximum: maximum profit. increasing: x < 4; decreasing x > 4
B) average slope: ≈50, about $50 increased profit for each $1 increase in price.
The probability of the person be set to sit in an aisle seat is 8/12.
Answer:
Step-by-step explanation:
With what?
There are three questions related to this problem.
First, the probability of the mail will arrive after 2:30
PM
<span>Find the z-score of 2:30 which is 30 minutes after 2:00.</span>
<span>
z(2:30) = (2:30 – 2:00)/15 = -30/15 = -2</span>
<span>
P(x < 2:30) = P(z<-2) = 0.0228</span>
<span>
</span>
Second, the probability of the mail will arrive at 1:36
PM
<span>Find the z-score of 1:36 which is 24 minutes before 2:00.</span>
<span>
z(1:36) = (1:36 – 2:00)/15 = -24/15 = -1.6</span>
<span>
P(x < 1:36) = P(z<-1.6) = 0.0548</span>
Lastly, the probability of the mail will arrive between 1:48
PM and 2:09 PM
Find the z-score of 1:46 and 2:09 PM which will result to
a z value of 0.034599
<span>P(1:48 < x < 2:09) = P(z<0.034599) = 0.5138</span>
