Answer:
The sales level that has only a 3% chance of being exceeded next year is $3.67 million.
Step-by-step explanation:
When the distribution is normal, we use the z-score formula.
In a set with mean
and standard deviation
, the zscore 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 pvalue, we get the probability that the value of the measure is greater than X.
In this question, we have that:
In millions of dollars,

Determine the sales level that has only a 3% chance of being exceeded next year.
This is the 100 - 3 = 97th percentile, which is X when Z has a pvalue of 0.97. So X when Z = 1.88.




The sales level that has only a 3% chance of being exceeded next year is $3.67 million.
Answer:
No, he is not correct because the constant in his answer should have been 21 not 7.
Step-by-step explanation:

Therefore, the correct answer is the fourth; he should have put 21.
The correct answer is 32 because:
x-14 = 18 => add 14 to both sides=>
x=32
Answer:
cant be solved, when you try to you get
-1+78 = 77
which is
77 = 77
1=1
So cannot be factored
Step-by-step explanation:
2 Letters chosen among 6 with no repeat:
a) the first has 6 ways
the second has 5 ways
Then to choose 2 letters among 6, with no repeat, there are 6x5 = 30 ways
b) 3 numbers are taken from the digits 0 through 9 with repeats (total = 10)
the first has 10 ways
the second has 10 ways
the third has 10 ways
Then to choose 3 numbers among 10, with repeat, there are 10x10x10= 1000 ways
And the total serial numbers that can be generated is
30 x 1000 = 3000