Solution: We are given:
We need to find the z value corresponding to probability 0.84, in order to find the how much money almost 84% of gamblers spent at casino.
Using the standard normal table, we have:
Now we will use the z score formula to find the required amount:
approximately
Therefore, almost 84% of gamblers spent more than $720 amount of money at this casino.
I really gave him a piece of my mind
A) In order to create a sampling plan, you need to follow the following 5 steps:
1) Define the sample population: who are the customers you want to contact?
The costumers who bought a new car on a certain year.
2) Define the size of population: how many customers are you going to contact?
Of the 30000 customers who bought a car, you want to contact 1000 customers.
3) Define the contact options: how are you going to contact the customers?
You have a list of names and addresses, therefore you can send a questionnaire via mail.
4) Form a sampling frame: what is the time or contact frame to get in touch with your customers?
You will send the questionnaires and you will wait two months for the answer.
5) Define the analysis method: is yours a qualitative or quantitative research?
In your case, you want a quantitative research and therefore a probabilistic sampling.
B) The 32.5% probability refers to customers having issues with the power doors locks among the costumers who had problems, it does not consider the customers who did not have any problem or those who had problems after the first 5000 miles.
C) In order to find the probability of a power door lock problem if there have been problems within the first 5000 miles, we need to consider the whole sample:
P = 13 / 1000
= 0.013
Therefore,
N = <span>0.013 </span>× 30000
= 390
Hence, the number of new cars sold that experienced a problem with the power door locks within the first 5000 miles will be 390.
Answer:
it's your first answer of
y= (-7/8)x + 1/2
