<span>the probability that the average mileage of the fleet us between 27.2 and 28.8 will be:
27.2<x<28.8
this will be:
P(x<28.8)-P(x<27.2)
To evaluate this we use the z-score formula:
P(x<28.2)=P(z<Z)
Z=(x-</span>μ)/σ
μ-mean
σ-standard deviation
thus
z=(28.2-28)/5=0.04
thus
P(x<28.2)=0.5160
p(x<27.2
z=(27.2-8)/5=-0.16
P(z<-0.16)=0.4364
thus
P(x<28.8)-P(x<27.2)=0.5160-0.4364=0.0796
Answer: 0.0796
Answer:
True
Step-by-step explanation:
Confidence interval for banking service in a given confidence level can be calculated as M±ME where
- M is the mean banking service in the sample and
- ME is the Margin of Error
margin of error (ME) is calculated using the formula
ME=
where
- t is the corresponding statistic in the given confidence level
- s is the standard deviation of the sample(or of the population if it is known)
t-statistic for 99% confidence level is always bigger than 95% confidence level which makes Margin of Error bigger and thus confidence interval wider.
Answer:
SE = 0.025
Step-by-step explanation:
We are given;
Sample mean; x¯ = 14.52
Sample standard deviation; s = 0.075
Sample size; n = 9
Now,formula for standard error of sample mean is;
SE = s/√n
SE = 0.075/√9
SE = 0.075/3
SE = 0.025
Answer:
The cost of desktop before finance charge was $1750.
The cost of laptop before finance charge was $1900.
Step-by-step explanation:
Let us assume this is a simple interest scenario.
Let D be the cost of desktop
Let L be the cost of laptop
Given- the laptop cost $150 more than the desktop.
So,
The total finance charge for 1 year is given by :

Substituting the value of L here, we get;

=>
=> 
=> 
=> 
D = $1750
As
So, 
L = $1900
We can check this :

=> 
=> 
So, the cost of desktop before finance charge was $1750.
The cost of laptop before finance charge was $1900.