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.
You add $5.38 & $15.95, which equals $21.33. Then subtract $21.33 from $38.12. Your answer is $16.79. That's how much Shane spent on the book.
Answer:
- <em><u>average yearly salary of an individual whose final degree is a masters:</u></em><u> $ 66 thousand</u>
<u></u>
- average yearly salary of an individual whose final degree is a bachelors:<u> $ 56 thousand</u>
Explanation:
You can set a system of equation using the following steps:
1. Name the variables:
- average yearly salary of an individual whose final degree is a masters: x
- average yearly salary of an individual whose final degree is a bachelors: y
2. Set the equations that relate the variables:
- the average yearly salary of an individual whose final degree is a masters is $46 thousand less than twice that of an individual whose final degree is a bachelors:
equation (1): x = 2y - 46
- combined, two people with each of these educational attainments earn $122 thousand:
equation (2): x + y = 122
3. Solve the system:
- x = 2y - 46 . . . equation (1)
- x + y = 122 . . . equation (2)
Substitute equation (1) into equation (2)
Solve for y:
- y = 56 (this means that the average yearly salary with a bachelors degree is $ 56 thousand).
Subsitute the value on y in equation 1, to find the value of x:
- x = 2y - 46 = 2(56) - 46 = 112 - 46 = 66.
Thus, the average yearly salary of a person with a masters degree is $ 66 thousand.
Answer:
Step-by-step explanation:
Circumference = πd = 12
d = 12/π cm