A 1.5 standard deviation above the mean is
np + 1.5 <span>√(np(1-p))
We are given with
np = 200
p = 200/n
The standard deviation is
</span><span>√200(1-200/n))
Substituting
200 + 1.5 </span>√200(1-200/n))
By inspection, if the value of n is 200, then the radical will result to the value of 1. Only by increasing the value of n greater than 200 will the radical result to a value of less than 1 and decreasing the spread of the mean.
The answer is
the minimum is 201
the maximum is infinity
I think the answer is 3.45$ for one person.
Yes, it is an equivalent expression because even though you move two pieces of an equation it will still equal the same thing, unless there are parentheses involved.