Answer:
$255,331
Step-by-step explanation:
Calculation for the estimated price
ln (price) =11.65 +0.000473*square foot
Square feet =1,692
First step is to find the ln (price)
ln (price) =11.65 +0.000473*1,692
ln (price)=12.450316
Last step is to calculate the Estimated price by using calculator to find the exponential of 12.450316
Estimated price=e^(12.450316)
Estimated price=$255,330.99
Estimated price=$255,331 Approximately
Therefore the estimated price of a house that is 1,692 square feet will be $255,331
Answer:
Usually pounds (lb) .About an an average of 20 to 25 pounds (lbs)
Step-by-step explanation:
Since Marvin uses Customary units, and considering the Watermelon.
Pounds, He could estimate based on average of 20 to 25 pounds.
He could choose another customary units, but it wouldn't be practical and unusual to say a watermelon of 160 quarters, also it would leave all the listeners without parameters.
So, definitely pounds.
Answer:
9.34%
Step-by-step explanation:
p = 4%, or 0.04
n = Sample size = 667
u = Expected value = n * p = 667 * 0.04 = 26.68
SD = Standard deviation = 
= 5.06
Now, the question is if the manager is correct, what is the probability that the proportion of flops in a sample of 667 released films would be greater than 5%?
This statement implies that the p-vlaue of Z when X = 5% * 667 = 33.35
Since,
Z = (X - u) / SD
We have;
Z = (33.35 - 26.68) / 5.06
Z = 1.32
From the Z-table, the p-value of 1.32 is 0.9066
1 - 0.9066 = 0.0934, or 9.34%
Therefore, the probability that the proportion of flops in a sample of 667 released films would be greater than 5% is 9.34%.
Simplified, it"s y=-3/2x+22.5
