Answer:
From $1600 to $3400.
Step-by-step explanation:
The Empirical Rule states that, for a normally distributed random variable:
68% of the measures are within 1 standard deviation of the mean.
95% of the measures are within 2 standard deviation of the mean.
99.7% of the measures are within 3 standard deviations of the mean.
In this problem, we have that:
Mean = 2500
Standard deviation = 300
What interval of dealer incentives would we expect approximately 99.7% of vehicles to fall within?
By the Empirical Rule, 99.7% fall within 3 standard deviations frow the mean. So
From 2500 - 3*300 = 1600 to 2500 + 3*300 = 3400.
Answer:
$2561.99 a quarter
Step-by-step explanation:
Just add together what they pay every year, then multiply by 25.5% (because that's the quarterly premium.)
Annual cost = insurance + dental + vision
= 8900 + 772 + 375 = $10047 a year.
Quarterly cost = 25.5% of annual cost
Whenever you see of, think of multiplication!
25.5% = .255
Quarterly cost = .255 * 10047 = <u>$2561.99 a quarter</u>
