Carl button airline ticket two weeks ago the cost of this flight was $300 what is the percent increase
1 answer:
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Answer:
And we can find this probability using the complement rule:
And in order to find these probabilities we can find tables for the normal standard distribution, excel or a calculator.
Step-by-step explanation:
Previous concepts
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".
Solution to the problem
Let X the random variable that represent the scores of a population, and for this case we know the distribution for X is given by:
Where and
We are interested on this probability
And the best way to solve this problem is using the normal standard distribution and the z score given by:
If we apply this formula to our probability we got this:
And we can find this probability using the complement rule:
And in order to find these probabilities we can find tables for the normal standard distribution, excel or a calculator.
Given conditions are :
In 1980's, a typical middle-income household earned= $34,757
In 2009, a similar middle-income household earned= $38,550
And we have to find relative increase in income for these households from 1980 to 2009.
So first we will find the total increase in amounts.
Relative increase =
= 10.91% or rounding it off we get approx 11%.
Hence, the answer is 11%.
Answer and Explanation:
The line seems to pass trough the points (0,6) and (-3,4).
Slope is:
The slope of the line should be .