Arie's airplanes tracked the number of television advertisements they ran along with the corresponding airplane sales. this tabl
e displays how the number of advertisements relates to their total sales. the data can be modeled by a quadratic function.
what function best models the data?
what function best models the data?
1 answer:
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Answer:
a: 0.8884
b: 0.9934
Step-by-step explanation:
We have µ = 300 and σ = 70. The sample size, n = 125.
For the sample to be within 8 units of the population mean, we would have sample values of 292 and 308, so we want to find:
P(292 < x < 308).
We need to find the z-scores that correspond to these values using the given data. See attached photo 1 for the calculation of these scores.
We have P(292 < x < 308) = 0.8884
Next we want the probability of the sample mean to be within 17 units of the population mean, so we want the values from 283 to 317. We want to find
P(283 < x < 317)
We need to find the z-scores that correspond to these values. See photo 2 for the calculation of these scores.
We have P(283 < x < 317) = 0.9934
The annual interest rate is 3.5%.
Solution:
Given Interest (I) = $26.25
Principal (P) = $500
Time (t) = 18 months
Rate of interest (r) = ?
Time must be in years to find the rate per annum.
1 year = 12 months
Divide the time by 12.
Time (t) = years
Now, find the rate of interest using simple interest formula.
<u>Simple interest formula:</u>
⇒ r = 3.5%
Hence the annual interest rate is 3.5%.