The answer is going to be x=22
Answer:
17.71
Step-by-step explanation:
Answer:
25,625
Step-by-step explanation:
If your current salary is the 100%, and you get a 2.5% increase, that means the new salary would be 102.5% of 25,000. This percentage could also be written as 1.025, which you would multiply to 25,000 to get your new salary.
1.025 · 25,000 = 25,625
Therefore, your new salary would be $25,625
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.