Answer:
The sales level that has only a 3% chance of being exceeded next year is $3.67 million.
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:
In millions of dollars,

Determine the sales level that has only a 3% chance of being exceeded next year.
This is the 100 - 3 = 97th percentile, which is X when Z has a pvalue of 0.97. So X when Z = 1.88.




The sales level that has only a 3% chance of being exceeded next year is $3.67 million.
Answer:
Recursive:

Explicit:

And the 20th term is 225.
Step-by-step explanation:
We have the sequence:
35, 45, 55, 65.
Notice that each subsequent term is 10 more than the previous term.
Therefore, our common difference is (+)10.
Recursive Rule:
The standard format for the recursive rule is:

Where a is the initial term and d is the common difference.
From our sequence, we know that a the initial term is 35.
And as determined, our common difference d is 10.
Substitute. Hence, our recursive rule is:

Explicit Rule:
The standard format for the explicit rule is:

Where a is the initial term and d is the common difference. So, let’s substitute 35 for a and 10 for d. Hence, our explicit formula is:

Now, let’s find the 20th term. We will utilize the explicit rule since the recursive rule can get tedious. Substitute 20 for n because we would like to 20th term. Thus:

Evaluate:

Hence, the 20th term is 225.
7/9 = 14/18
14-5=9
9/18=1/2
Answer:
-3
Step-by-step explanation:
If you were to graph that function, you would find it looks like the attached image. The y-intercept is -3.