If a sample of 77 students were taken from a population of 950 students, o^2 could refer to the variance of how many of the stud
2 answers:
Answer with explanation:
Sample of Students Chosen =950----N
Total Number of students = 77
Probability of choosing a student from 77 students, that is Probability of Success
Probability of Failure ,that is choosing a student from , 950-77=873, students
Approximately ,70 or 71 Students refer to the variance of of the students height.
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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.