Answer:
2014 price was $49,091
Step-by-step explanation:
I'm assuming you want to solve for 2014 year price...
2015 year price is 54,000 and was 10% higher than 2014 price, meaning 2015 price is 110% of 2014 price so...
p×110%=54,000
p=54,000/1.1
p=49,090.90
Answer:
the center of the circle seems to be at E
Step-by-step explanation:
this however is a guess, tell me if I'm right
Answer:
1.60 (rounded)
Step-by-step explanation:
I haven't done this in a while but you'd use the compound interest formula a=p(1+r)^n where a=8300 p=5000 r=0.075 and solve for n
Answer:
a)
b)
Step-by-step explanation:
Previous concepts
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".
Let X the random variable that represent the mean life span of a brand name tire, and for this case we know the distribution for X is given by:
Part a
We want this probability:

The best way to solve this problem is using the normal standard distribution and the z score given by:

If we apply this formula to our probability we got this:
Part b
Let
represent the sample mean, the distribution for the sample mean is given by:
On this case
We want this probability:
The best way to solve this problem is using the normal standard distribution and the z score given by:
If we apply this formula to our probability we got this: