The probability, P, that a person responds to an advertisement can be modeled by the exponential function P = 1 – e^-0.047t. In
the formula, t is the number of days since the advertisement first appeared. How many days will it take for the probability that a person has responded reach 75% ?
1 answer:
To solve this equation, start by noticing that you want to find t when P is 75%, or 0.75. Plug in 0.75 for P. Please see the attached screenshot for a step-by-step. The correct answer is 29.496 days.
EDIT 2: I actually was correct! You check the answer by substituting 29.496 for t in the original equation set equal to 0.75. It is 0.75. I had forgotten the negative sign when I checked.
EDIT 2: I actually was correct! You check the answer by substituting 29.496 for t in the original equation set equal to 0.75. It is 0.75. I had forgotten the negative sign when I checked.
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Answer:
Step-by-step explanation:
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Answer:
The p-value is 0.0229
Step-by-step explanation:
With we have an upper-tail alternative. Because the p-value is defined as the probability of getting a value at least as extreme as the value observed. The observed value is given by the test statistic z = 1.997 which comes from a standard normal distribution. Therefore, we compute the p-value in the following way P(Z > 1.997) = 0.0229, i.e., the p-value is 0.0229