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nikitadnepr [17]
3 years ago
12

The life of Sunshine CD players is normally distributed with a mean of 4.1 years and a standard deviation of 1.3 years. A CD pla

yer is guaranteed for three years. We are interested in the length of time a CD player lasts. Find the probability that a CD player will last between 2.8 and seven years. (a) Sketch the situation. Label and scale the axes. Shade the region corresponding to the probability. WebAssign Plot WebAssign Plot WebAssign Plot WebAssign Plot (b) Give the probability statement and the probability. (Enter exact numbers as integers, fractions, or decimals for the probability statement. Round the probability to four decimal places.) P < x < =
Mathematics
1 answer:
castortr0y [4]3 years ago
7 0

Using the normal distribution, we have that:

a) The sketch of the situation is given at the end of this answer.

b) The probability is:

P(2.8 \leq X \leq 7) = 0.8284

In a normal distribution with mean and standard deviation , the z-score of a measure X is given by:

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

  • It 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, which is the percentile of X.

In this problem:

  • Mean of 4.1 years, thus \mu = 4.1.
  • Standard deviation of 1.3 years, thus \sigma = 1.3.

Item a:

The part between 2.8 and 7 years is shaded on the sketch given at the end of this answer.

Item b:

The probability is the <u>p-value of Z when X = 7 subtracted by the p-value of Z when X = 2.8</u>, thus:

X = 7:

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

Z = \frac{7 - 4.1}{1.3}

Z = 2.23

Z = 2.23 has a p-value of 0.9871.

X = 2.8:

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

Z = \frac{2.8 - 4.1}{1.3}

Z = -1

Z = -1 has a p-value of 0.1587.

0.9871 - 0.1587 = 0.8284, thus:

P(2.8 \leq X \leq 7) = 0.8284

A similar problem is given at brainly.com/question/25151638

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adell [148]

Answer:

The price per wind chime that will maximize revenue = $ 315

Step-by-step explanation:

Given - A gift shop sells 160 wind chimes per month at $150 each. the owners estimate that for each $15 increase in price, they will sell 5 fewer wind chimes per month.

To find - Find the price per wind chime that will maximize revenue.

Proof -

Given that,

Total Wind chimes selling = 160

Price of each Wind chime = $150

Now,

Given that, for each $15 increase in price, they will sell 5 fewer wind chimes per month.

So,

Let the price = 150 + 15x

So,

Number of wind Chimes sold per month = 160 - 5x

So,

Total Revenue, R = (150 + 15x)(160 - 5x)

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Differentiate R with respect to x , we get

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Now,

For Maximize Revenue, Put R'(x) = 0

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⇒150x = 1650

⇒x = 1650/150

⇒x = 11

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Price per Wind chime = $ 150 + 15(11)

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So,

The price per wind chime that will maximize revenue = $ 315

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Answer:

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