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2 answers:
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Answer:
model:
profit in year 2017:
Step-by-step explanation:
The sales increased from 2 billion dollars to 146 billion dollars in five years, so to find the increase in billion dollars per year, we just need to divide the increase by the amount of time:
To construct a model for these sales, we can use the year 2003 as the initial point of a linear equation:
the variable y will represent the profit in billion dollars, the variable x will represent our time, so we can use (t - 2003) in its place to represent the number of years since 2003 (t is the year we want to calculate), the constant 'a' will be our rate of 28.8, and the constant 'b' is the inicial value for the year 2003, that is, 2 (billions). So we have:
In the year 2017, we would have:
Answer:
The score that cuts off the bottom 2.5% is 48.93.
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:
What is the score that cuts off the bottom 2.5%
This is X when Z has a pvalue of 0.025, so X when Z = -1.96.
The score that cuts off the bottom 2.5% is 48.93.