Simplify the expression. Explain each step. - q•3
1 answer:
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Answer:
$74,600
Step-by-step explanation:
-Given the probability is 2.5%, mean=$55,000 and standard deviation= $10,000
-We find the z value of 2.5%
Hence, the minimum amount of income to be in the top 2.5% is $74,600
Answer:
50% probability that a randomly selected respondent voted for Obama.
Step-by-step explanation:
We have these following probabilities:
60% probability that an Ohio resident does not have a college degree.
If an Ohio resident does not have a college degree, a 52% probability that he voted for Obama.
40% probability that an Ohio resident has a college degree.
If an Ohio resident has a college degree, a 47% probability that he voted for Obama.
What is the probability that a randomly selected respondent voted for Obama?
This is the sum of 52% of 60%(non college degree) and 47% of 40%(college degree).
So
50% probability that a randomly selected respondent voted for Obama.