A company had a gross profit of $300,000 based on sales of $400,000. Its cost of goods sold equals $700,000 is this true or fals
1 answer:
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Answer:
b. 0.12
Step-by-step explanation:
Problems of normally distributed samples are solved using 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 problem, we have that:
What is the probability that a seed will take more than 720 hours before germinating?
This is 1 subtracted by the pvalue of Z when X = 720. So
has a pvalue of 0.88.
1 - 0.88 = 0.12
So the correct answer is:
b. 0.12