Answer:
4%
Step-by-step explanation:
After losing 4.17, it came down to 100.08, so the opening price was:
100.08 + 4.17 = 104.25
To find percentage decline, we find the ratio of the "change" (which is 4.17) divided by the opening (original) price, which is 104.25. Then we multiply that fraction by 100 to get our percentage decline.
So,
Thus, the
percentage decline = 4%
Answer:
The probability of the stick's weight being 2.33 oz or greater is 0.0041 or 0.41%.
Step-by-step explanation:
Given:
Weight of a given sample (x) = 2.33 oz
Mean weight (μ) = 1.75 oz
Standard deviation (σ) = 0.22 oz
The distribution is normal distribution.
So, first, we will find the z-score of the distribution using the formula:
Plug in the values and solve for 'z'. This gives,
So, the z-score of the distribution is 2.64.
Now, we need the probability .
From the normal distribution table for z-score equal to 2.64, the value of the probability is 0.9959. This is the area to the left of the curve or less than z-score value.
But, we need area more than the z-score value. So, the area is:
Therefore, the probability of the stick's weight being 2.33 oz or greater is 0.0041 or 0.41%.