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chubhunter [2.5K]
2 years ago
11

In a recent survey of 655 working americans ages 25-34, the average weekly amount spent on lunch was $43.29 with standard deviat

ion $2.75. The weekly amounts are approximately bell-shaped
Mathematics
1 answer:
Nookie1986 [14]2 years ago
4 0

Answer:

99.7%

Step-by-step explanation:

Given that:

sample size (n) = 655

sample mean (\overline x) = 43.29

Standard deviation \sigma = 2.75

Let's assume we are to estimate the percentage between $33.72 and $51.54

Then;

The test statistics at 33.72 is :

Z = \dfrac{X - \mu}{\sigma}

Z = \dfrac{33.72 -43.29}{2.75}

Z = -3.48

Z at 51.54

Z = \dfrac{X - \mu}{\sigma}

Z = \dfrac{51.54 -43.29}{2.75}

Z = 3.00

Using the empirical standard rule, the percentage will be 99.7%

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Use the formula s=32, 512(1.10)^t to calculate your salary after 2 years. Round your answer to the nearest dollar.
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<em><u>Answer:</u></em>

s = $39,340

<em><u>Explanation:</u></em>

Note: I will use the symbol "n" instead of "t" in the solution.

<u>The given formula is:</u>

s = 32,512 * (1.1)ⁿ where "n" is the number of years.

We want to get the salary after 2 years. This means that we will substitute with n = 2 in the above equation and get the value of s.

<u>This is shown as follows:</u>

s = 32,512 * (1.1)²

s = $39,339.52 which is approximately $39,340

Hope this helps :)

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