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inna [77]
2 years ago
13

How did the oil embargo in the 1970s affect the US economy?

History
1 answer:
elena-s [515]2 years ago
8 0
The price of oil doubled per barrel, then quadrupled and challenged the stability of the whole national economy.
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An hourly wage is normally distributed with a mean of $6.75 and a standard deviation of $0.55. What is the probability that an e
monitta

Answer:

Option A. 81.5%

Explanation:

Population mean, \mu = 6.75

Standard deviation, \sigma = 0.55

The question is to find p(5.65 < \bar{x} < 7.30)

The z value is given by the formula:

z = \frac{\bar{x} - \mu}{\sigma}

z - value corresponding to the mean, \bar{x} = 5.65:

z_1 = \frac{5.65 - 6.75}{0.55}\\z_1 =-2.0

z - value corresponding to the mean, \bar{x} = 7.30:

z_1 = \frac{7.30 - 6.75}{0.55}\\z_1 =1.0

p(5.65\leq  \bar{x} \leq 7.30) = p(-2.0 \leq  z \leq  1.0)\\p(-2.0 \leq  z \leq  1.0) = p(z\leq 1) - p(z\leq -2)\\ p(-2.0 \leq  z \leq  1.0) = 0.84134 - 0.02275\\p(-2.0 \leq  z \leq  1.0) = 0.81859 \\p(-2.0 \leq  z \leq  1.0) = 0.82

Probability that an employee’s hourly wage is between $5.65 and $7.30 = 81.5%

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Japan has a high population density. What could that mean?
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