Answer:
The probability that no more than 70% would prefer to start their own business is 0.1423.
Step-by-step explanation:
We are given that a Gallup survey indicated that 72% of 18- to 29-year-olds, if given choice, would prefer to start their own business rather than work for someone else.
Let
= <u><em>sample proportion of people who prefer to start their own business</em></u>
The z-score probability distribution for the sample proportion is given by;
Z =
~ N(0,1)
where, p = population proportion who would prefer to start their own business = 72%
n = sample of 18-29 year-olds = 600
Now, the probability that no more than 70% would prefer to start their own business is given by = P(
70%)
P(
70%) = P(
) = P(Z
-1.07) = 1 - P(Z < 1.07)
= 1 - 0.8577 = <u>0.1423</u>
The above probability is calculated by looking at the value of x = 1.07 in the z table which has an area of 0.8577.
9x squared - 6x - 6x + 4
9x squared - 12x + 4
Answer: the number of shoppers on the first day is 125
Step-by-step explanation:
The number of shoppers is 20% more than the numbers of shoppers the day before. It means that the number of shoppers is increasing in geometric progression. The formula for determining the sum of n terms, Sn of a geometric sequence is expressed as
Sn = (ar^n - 1)/(r - 1)
Where
n represents the number of term in the sequence.
a represents the first term in the sequence.
r represents the common ratio.
From the information given,
r = 1 + 20/100 = 1.2
n = 4(first 4 days)
S4 = 671
Therefore, the expression for the first 4 days is
671 = (a × 1.2^(4) - 1)/1.2 - 1
671 = (a × 1.2^(4) - 1)/0.2
671 = 1.0736a/0.2
671 = 5.368a
a = 671/5.368
a = 125