2. At Fly-Right Airlines, passengers are informed that checked bags must weigh 40 lb or less, or they will have to pay a fee for
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Answer:
The sales level that has only a 3% chance of being exceeded next year is $3.67 million.
Step-by-step explanation:
When the distribution is normal, we use the z-score formula.
In a set with mean and standard deviation
, the zscore of a measure X is given by:
The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.
In this question, we have that:
In millions of dollars,
Determine the sales level that has only a 3% chance of being exceeded next year.
This is the 100 - 3 = 97th percentile, which is X when Z has a pvalue of 0.97. So X when Z = 1.88.
The sales level that has only a 3% chance of being exceeded next year is $3.67 million.
Answer:
For the given functions, the value of g(5)-f(5) = 17
Step-by-step explanation:
Here, the given functions are:
f(x) = -3x + 17
So, f(5) = -3(5) + 17
= -15 + 17 = 2
And
So, f(5) = 2 and g(5) = 19
⇒g(5) - f(5) = 19 - 2 = 17
Hence, for the given functions, the value of g(5)-f(5) = 17