The correct answer is C.88 ft ^2
Answer:
87 percent leave room for unexpected variations
<span>a)
Z*_Upper = (76 - 62.7)/2.5 = 5.32
Z*_Lower = (57 - 62.7)/2.5 = -2.28
The requirement is to get p(-2.28 < Z < 5.32) = p(Z<5.32) - p(Z<-2.28).
Use normal distribution table to get the answer for p and multiply with 100 to get the percentage.
The other questions are now easy for you to answer on your own. Hope it helps.
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First, find the expected number of scooters rented per month:
As the data is symmetrical, E(X) (the expected value) is the middle value. So, on average, 2.5 scooters should be taken per month.
His total costs were 5 * 3000 = $15,000
So, to break even, he needs to make $15,000.
He will be selling for 5 years, or 60 months.
As a result, he needs to make 15000/60 = $250/month
As he is selling 2.5 scooters on average, he needs to rent each for:
$250/2.5 = <u>$100/month</u>
