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yan [13]
3 years ago
9

A contract calls for the buyer to pay $165,000 for a house and one acre of land, plus $5,000 for each additional acre of land. T

he total acreage of the property is 4.3 acres. What is the total amount paid for the house and the land?
Mathematics
1 answer:
GaryK [48]3 years ago
6 0

Answer: $181,500

Step-by-step explanation:

If amount paid for house and one acre of land = 165,000

Then, additional acre of land is 4.3 acres- 1 acre of land purchased with the house = 3.3 acres of land

If additional acre goes for 5,000 per acre

1 acre = 5,000

3.3 acres = 5,000 x 3.3 = $16,500

Total amount paid for the land and the land

= cost of house and land + cost of additional 3.3 acres of land

= 165,000 + 16,500

= $181,500

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A study of long-distance phone calls made from General Electric Corporate Headquarters in Fairfield, Connecticut, revealed the l
Katena32 [7]

Answer:

(a) The fraction of the calls last between 4.50 and 5.30 minutes is 0.3729.

(b) The fraction of the calls last more than 5.30 minutes is 0.1271.

(c) The fraction of the calls last between 5.30 and 6.00 minutes is 0.1109.

(d) The fraction of the calls last between 4.00 and 6.00 minutes is 0.745.

(e) The time is 5.65 minutes.

Step-by-step explanation:

We are given that the mean length of time per call was 4.5 minutes and the standard deviation was 0.70 minutes.

Let X = <u><em>the length of the calls, in minutes.</em></u>

So, X ~ Normal(\mu=4.5,\sigma^{2} =0.70^{2})

The z-score probability distribution for the normal distribution is given by;

                           Z  =  \frac{X-\mu}{\sigma}  ~ N(0,1)

where, \mu = population mean time = 4.5 minutes

           \sigma = standard deviation = 0.7 minutes

(a) The fraction of the calls last between 4.50 and 5.30 minutes is given by = P(4.50 min < X < 5.30 min) = P(X < 5.30 min) - P(X \leq 4.50 min)

    P(X < 5.30 min) = P( \frac{X-\mu}{\sigma} < \frac{5.30-4.5}{0.7} ) = P(Z < 1.14) = 0.8729

    P(X \leq 4.50 min) = P( \frac{X-\mu}{\sigma} \leq \frac{4.5-4.5}{0.7} ) = P(Z \leq 0) = 0.50

The above probability is calculated by looking at the value of x = 1.14 and x = 0 in the z table which has an area of 0.8729 and 0.50 respectively.

Therefore, P(4.50 min < X < 5.30 min) = 0.8729 - 0.50 = <u>0.3729</u>.

(b) The fraction of the calls last more than 5.30 minutes is given by = P(X > 5.30 minutes)

    P(X > 5.30 min) = P( \frac{X-\mu}{\sigma} > \frac{5.30-4.5}{0.7} ) = P(Z > 1.14) = 1 - P(Z \leq 1.14)

                                                              = 1 - 0.8729 = <u>0.1271</u>

The above probability is calculated by looking at the value of x = 1.14 in the z table which has an area of 0.8729.

(c) The fraction of the calls last between 5.30 and 6.00 minutes is given by = P(5.30 min < X < 6.00 min) = P(X < 6.00 min) - P(X \leq 5.30 min)

    P(X < 6.00 min) = P( \frac{X-\mu}{\sigma} < \frac{6-4.5}{0.7} ) = P(Z < 2.14) = 0.9838

    P(X \leq 5.30 min) = P( \frac{X-\mu}{\sigma} \leq \frac{5.30-4.5}{0.7} ) = P(Z \leq 1.14) = 0.8729

The above probability is calculated by looking at the value of x = 2.14 and x = 1.14 in the z table which has an area of 0.9838 and 0.8729 respectively.

Therefore, P(4.50 min < X < 5.30 min) = 0.9838 - 0.8729 = <u>0.1109</u>.

(d) The fraction of the calls last between 4.00 and 6.00 minutes is given by = P(4.00 min < X < 6.00 min) = P(X < 6.00 min) - P(X \leq 4.00 min)

    P(X < 6.00 min) = P( \frac{X-\mu}{\sigma} < \frac{6-4.5}{0.7} ) = P(Z < 2.14) = 0.9838

    P(X \leq 4.00 min) = P( \frac{X-\mu}{\sigma} \leq \frac{4.0-4.5}{0.7} ) = P(Z \leq -0.71) = 1 - P(Z < 0.71)

                                                              = 1 - 0.7612 = 0.2388

The above probability is calculated by looking at the value of x = 2.14 and x = 0.71 in the z table which has an area of 0.9838 and 0.7612 respectively.

Therefore, P(4.50 min < X < 5.30 min) = 0.9838 - 0.2388 = <u>0.745</u>.

(e) We have to find the time that represents the length of the longest (in duration) 5 percent of the calls, that means;

            P(X > x) = 0.05            {where x is the required time}

            P( \frac{X-\mu}{\sigma} > \frac{x-4.5}{0.7} ) = 0.05

            P(Z > \frac{x-4.5}{0.7} ) = 0.05

Now, in the z table the critical value of x which represents the top 5% of the area is given as 1.645, that is;

                      \frac{x-4.5}{0.7}=1.645

                      {x-4.5}{}=1.645 \times 0.7

                       x = 4.5 + 1.15 = 5.65 minutes.

SO, the time is 5.65 minutes.

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