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.
The answer is B just took the test
Answer:
x=7
step-by-step explanation:

5(2x+10) =3×40
10x + 50 = 120
10x =120-50= 70
x = 70/10= 7
Answer:
x=2/3
Step-by-step explanation:
6x+6=10
46/8=5.75
Round up to 6, since you can't buy 3/4 of a pack of cookies.
The answer is 6 packs of cookies.
Hope this helps :)