John spent $75 on a shopping trip for new clothes last week. He had expected to spend $100 on clothes,
1 answer:
Answer:
Absolute error = $25
Step-by-step explanation:
Given that:
Amount spent by John on shopping trip = $75
Estimated amount to spent on shopping trip = $100
Absolute error = Approximate value - Exact value
Here,
Approximate value = $100
Exact value = $75
Absolute error = 100 - 75
Absolute error = $25
Percentage =
Percentage =
Percentage = 33.33%
Hence,
Absolute error = $25
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Answer:
(a) The probability of the event (<em>X</em> > 84) is 0.007.
(b) The probability of the event (<em>X</em> < 64) is 0.483.
Step-by-step explanation:
The random variable <em>X</em> follows a Poisson distribution with parameter <em>λ</em> = 64.
The probability mass function of a Poisson distribution is:
(a)
Compute the probability of the event (<em>X</em> > 84) as follows:
P (X > 84) = 1 - P (X ≤ 84)
Thus, the probability of the event (<em>X</em> > 84) is 0.007.
(b)
Compute the probability of the event (<em>X</em> < 64) as follows:
P (X < 64) = P (X = 0) + P (X = 1) + P (X = 2) + ... + P (X = 63)
Thus, the probability of the event (<em>X</em> < 64) is 0.483.