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amid [387]
4 years ago
11

Costs for standard veterinary services at a local animal hospital follow a normal distribution with a mean of $83 and a standard

deviation of $21. what is the probability that one bill for veterinary services costs between $51 and $114?
Business
1 answer:
chubhunter [2.5K]4 years ago
7 0
The probability that a randomly selected data from a normally distributed dataset with mean of μ, and standard deviation of σ, is between two values a and b is given by:

P(a\ \textless \ X\ \textless \ b)=P(X\ \textless \ b)-P(X\ \textless \ a) \\  \\ =P\left(z\ \textless \  \frac{b-\mu}{\sigma} \right)-P\left(z\ \textless \  \frac{a-\mu}{\sigma} \right)

Given that the c<span>osts for standard veterinary services at a local animal hospital follow a normal distribution with a mean of $83 and a standard deviation of $21.

The probability that one bill for veterinary services costs between $51 and $114 is given by:

P(51\ \textless \ X\ \textless \ 114)=P\left(z\ \textless \ \frac{114-83}{21} \right)-P\left(z\ \textless \ \frac{51-83}{21} \right) \\  \\ =P(z\ \textless \ 1.476)-P(z\ \textless \ -1.524)=0.93005-0.06378 \\  \\ =\bold{0.8663}</span>
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______ is when a firm enters a different business in which it can benefit from leveraging core competencies, sharing activities,
Ad libitum [116K]

The best description of the definition given above is Related diversification because it entails when a firm enters a different business in which it can benefit from leveraging core competencies, sharing activities, or building market power.

<h3>What is Related diversification?</h3>

Related diversification refer to a situation when a firm change into another new industry that is very similar with the firm's existing industry or industries

The benefit of related diversification is it allow the sharing of related resources and ensures profit of real diversification.

Therefore, Related diversification is when a firm enters a different business in which it can benefit from leveraging core competencies, sharing activities, or building market power.

Learn more on diversification from the link below.

brainly.com/question/417234

5 0
2 years ago
Numeric Company uses the periodic inventory method and had no beginning inventory. The company purchased 7 units of inventory at
BigorU [14]

Answer:

$115

Explanation:

The computation of the cost of the ending inventory is shown below:

Total units purchased

= 7 units + 5 units + 6 units

= 18 units

And, the total cost is

= 7 units × $8 + 5 units × $10 per unit + 6 units × $11 per unit

= $56 + $50 + $66

= $172

And, the closing units inventory units is

= 18 units - 6 units

= 12 units

So, the cost of ending inventory is

= $172 × 12 units ÷ 18 units

= $115

8 0
4 years ago
2years ago father's age was nine time the son's age but 3 years later it will be 5 times only. Find the present age of father an
klemol [59]

Answer:

Present ages of the father is 29 and the son is 5

Explanation:

Please give brainliest and thank me

3 0
3 years ago
Treasury bill returns are 4%, 3%, 2%, and 5% over four years. The standard deviation of returns
IRINA_888 [86]

Answer:

Option (D) 1.29%

Explanation:

Data provided in the question:

Treasury bill returns over four years :

4%, 3%, 2%, and 5%

Now,

Average return = (4% + 3% + 2%+ 5%) ÷ 4

= 3.5%

Standard deviation = [ ∑(Return - Mean)² ] ÷ [ n -1 ]

= [ (4% - 3.5%)² + (3% - 3.5%)² + (2% - 3.5%)² + (5% - 3.5%)² ] ÷ [ 4 - 1 ]

= 3.87% ÷ 3

= 1.29%

Hence,

Option (D) 1.29%

8 0
3 years ago
__________ plan and design all types of buildings and structures.
Maslowich
D. architects. They plan and design all types of buildings and structures
5 0
3 years ago
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