Which of the equations below could be the equation of this parabola?

The daily dinner bills in a local restaurant are normally distributed with a mean of $28 and a standard deviation of $6. What ar

Degger [83]

Answer:

The minimum value of the bill that is greater than 95% of the bills is $37.87.

Step-by-step explanation:

When the distribution is normal, we use the z-score formula.

In a set with mean $\mu$ and standard deviation $\sigma$ , the zscore of a measure X is given by:

$Z = \frac{X - \mu}{\sigma}$

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:

$\mu = 28, \sigma = 6$

What are the minimum value of the bill that is greater than 95% of the bills?

This is the 95th percentile, which is X when Z has a pvalue of 0.95. So X when Z = 1.645.

$Z = \frac{X - \mu}{\sigma}$

$1.645 = \frac{X - 28}{6}$

$X - 28 = 6*1.645$

$X = 37.87$

The minimum value of the bill that is greater than 95% of the bills is $37.87.

4 0

3 years ago

What kind of sequence has a common ratio

Makovka662 [10]

Answer:

geometric sequence

Step-by-step explanation:

A geometric sequence is a sequence of numbers that is ordered with a specific pattern. Each successive number is the product of the previous number and a constant. The constant is the same for every term in the sequence and is called the common ratio.

6 0

3 years ago

A restaurant chain has two locations in a medium-sized town and, believing that it has oversaturated the market for its food, is

scoray [572]

Answer:

Yes, since the test statistic value is greater than the critical value.

Step-by-step explanation:

Data given and notation

$\bar X_{1}=360000$ represent the mean for the downtown restaurant

$\bar X_{2}=340000$ represent the mean for the freeway restaurant

$s_{1}=50000$ represent the sample standard deviation for downtown

$s_{2}=40000$ represent the sample standard deviation for the freeway

$n_{1}=36$ sample size for the downtown restaurant

$n_{2}=36$ sample size for the freeway restaurant

t would represent the statistic (variable of interest)

$\alpha=0.05$ significance level provided

Develop the null and alternative hypotheses for this study?

We need to conduct a hypothesis in order to check if the true mean of revenue for downtown is higher than for freeway restaurant, the system of hypothesis would be:

Null hypothesis: $\mu_{1}\leq \mu_{2}$

Alternative hypothesis: $\mu_{1} > \mu_{2}$

Since we don't know the population deviations for each group, for this case is better apply a t test to compare means, and the statistic is given by:

$t=\frac{\bar X_{1}-\bar X_{2}}{\sqrt{\frac{s^2_{1}}{n_{1}}+\frac{s^2_{2}}{n_{2}}}}$ (1)

t-test: Is used to compare group means. Is one of the most common tests and is used to determine whether the means of two groups are equal to each other.

Determine the critical value.

Based on the significance level $\alpha=0.05$ and $\alpha/2=0.025$ we can find the critical values from the t distribution dith degrees of freedom df=36+36-2=55+88-2=70, we are looking for values that accumulates 0.025 of the area on the right tail on the t distribution.

For this case the value is $t_{1-\alpha/2}=1.66$

Calculate the value of the test statistic for this hypothesis testing.

Since we have all the values we can replace in formula (1) like this:

$t=\frac{360000-340000}{\sqrt{\frac{50000^2}{36}+\frac{40000^2}{36}}}}=1.874$

What is the p-value for this hypothesis test?

Since is a right tailed test the p value would be:

$p_v =P(t_{70}>1.874)=0.033$

Based on the p-value, what is your conclusion?

Comparing the p value with the significance level given $\alpha=0.05$ we see that $p_v$ so we can conclude that we reject the null hypothesis, and the true mean for the downtown revenue restaurant seems higher than the true mean revenue for the freeway restaurant.

The best option would be:

Yes, since the test statistic value is greater than the critical value.

5 0

3 years ago

The smiths bought an apartment for $75,000. assuming that the value of the apartment will appreciate at most 4% a year, how many

DedPeter [7]

Answer:

1st year is $75,000 * 0.04 = $3,000 $75,000+$3,000=$78,000

Step-by-step explanation:

6 0

3 years ago

Which box plot correctly displays the data set with a maximum of 48, a minimum of 27, a median of 36, an upper quartile of 45, a

Vitek1552 [10]

Answer:

Image 1

Step-by-step explanation:

To answer this question, we need to know how to use a box plot.

I've attached an image that demonstrates this well and can teach you what each part of the box plot means.

Specifically, the 2 farthest dots at the end are the minimum and maximum. The two sides where the box starts are the lower and upper quartiles. Finally, the line in the middle of the box is the median.

With this, we can analyze each box plot and determine which one is correct.

Box Plot 1: Everything is plotted correctly- Maximum and minimum plotted correctly, median plotted correctly, upper and lower quartile plotted correctly.

Box Plot 2: Everything plotted correctly EXCEPT maximum of 48 is represented at 46.

Box Plot 3: Everything plotted correctly EXCEPT the upper quartile of 45 is at 39.

Box Plot 4: Upper quartile represented at 39 and maximum represented at 46 are both incorrect.

4 0

2 years ago