Food costs are expected to rise 6% each month for the next year. Which series correctly depicts the cost (to the nearest cent) f
2 answers:
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Answer:
a) Therefore 92.64% of customers receive the service for half-price.
b) Therefore it would take 8.52 minutes
Step-by-step explanation:
Given that ime required for an automotive center to complete an oil change service on an automobile approximately follows a normal distribution with:
mean (μ) = 15 minutes
Standard deviation (σ) = 3.5 minutes
a) The z score is given by the equation:
Since the service will take no longer than 20 minutes,
Using the probability table to get the probability of the z score
percent of customers receive the service for half-price = P(X < 20) = P(z < 1.43) = 0.9236 = 92.64%
Therefore 92.64% of customers receive the service for half-price.
b) Since the probability is 3% = 0.03, this corresponds with a z score of -1.88
Therefore:
Therefore it would take 8.52 minutes
Here's the graph of your equation, instructions on how to plot is in the image. if there's a second line equation, you could use the method shown to plot that too, and the x and y values of the intersection point would be your answer.
you could also use algebra to simultaneously solve the two equations to obtain x and y as well, feel free to ask!
hope that helps :) sorry it's not a definite answer
you could also use algebra to simultaneously solve the two equations to obtain x and y as well, feel free to ask!
hope that helps :) sorry it's not a definite answer