Given that [Image Display]
2 answers:
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Answer:
h= -8/3
Picture Explanation:
- Divide 3 on both sides of the equal sign, as shown above, so (h) can be alone.
- Since negative 8, let alone positive 8, can't be divided into 3, you simply leave the fraction as is. So you're left with (h= -8/3)
<em><u>Hope this makes sense.</u></em>
Answer:
Probability that a randomly selected firm will earn less than 100 million dollars is 0.8413.
Step-by-step explanation:
We are given that the mean income of firms in the industry for a year is 95 million dollars with a standard deviation of 5 million dollars. Also, incomes for the industry are distributed normally.
<em>Let X = incomes for the industry</em>
So, X ~ N()
Now, the z score probability distribution is given by;
Z = ~ N(0,1)
where, = mean income of firms in the industry = 95 million dollars
= standard deviation = 5 million dollars
So, probability that a randomly selected firm will earn less than 100 million dollars is given by = P(X < 100 million dollars)
P(X < 100) = P( <
) = P(Z < 1) = 0.8413 {using z table]
Therefore, probability that a randomly selected firm will earn less than 100 million dollars is 0.8413.