Please Help ASAP
1 answer:
You might be interested in
Answer:
No, the on-time rate of 74% is not correct.
Solution:
As per the question:
Sample size, n = 60
The proportion of the population, P' = 74% = 0.74
q' = 1 - 0.74 = 0.26
We need to find the probability that out of 60 trains, 38 or lesser trains arrive on time.
Now,
The proportion of the given sample, p =
Therefore, the probability is given by:
P
P
Therefore, Probability of the 38 or lesser trains out of 60 trains to be on time is 0.0298 or 2.98 %
Thus the on-time rate of 74% is incorrect.
A has fixed one time fee of $12 and if you go to it say "m" months you pay $28 for each month, so your total cost at A is really 12 + 28m.
B has a fixed one time fee of $20 and if you go to it "m" months you pay $26 for each month, so you total cost at B is 20 + 26m.
how many months for the cost to be the same?
well, since the cost for both is the same, we can just get A's, knowing that B is the same