Determine the y intercept
1 answer:
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Answer:
b)
Step-by-step explanation:
b) set up equations so they are equal to each other,
this is when f(x)=g(x) so our approximation was close.
c)solving it graphically is nearly impossible because the solution can be any value around the intersection. only way to be sure is to solve it symbolically.
Answer:
The cut-off dollar amount is $328.
Step-by-step explanation:
Normal Probability Distribution:
Problems of normal distributions can be solved using the z-score formula.
In a set with mean and standard deviation
, the z-score 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 p-value, we get the probability that the value of the measure is greater than X.
Mean cost of $328, standard deviation of $82.
This means that
If you want to be in the bottom 50%, what will be the cut-off dollar amount?
The 50th percentile, which is X when Z has a pvalue of 0.5. So X when Z = 0.
The cut-off dollar amount is $328.