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2 years ago

The Wing Station wants the average price of the lunch meal deals to be $8.

Mathematics

2 answers:

velikii [3]2 years ago

6 0

Step-by-step explanation:

To calculate the mean, we do the the total divided by the number of values. With 6 values, for the average to be 8, the total needs to be 48. The current total is 41, so Chicken Wings needs to be 7, because 48-41=7

Vladimir [108]2 years ago

6 0

The chicken wings need to be 7 dollars

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2 years ago

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According to a 2018 survey by Bankrate, 20% of adults in the United States save nothing for retirement (CNBC website). Suppose t

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Answer:

0.5981 = 59.81% probability that three or less of the selected adults have saved nothing for retirement

Step-by-step explanation:

For each adult, there are only two possible outcomes. Either they save nothing for retirement, or they save something. The probability of an adult saving nothing for retirement is independent of any other adult. This means that the binomial probability distribution is used to solve this question.

Binomial probability distribution

The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.

$P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}$

In which $C_{n,x}$ is the number of different combinations of x objects from a set of n elements, given by the following formula.

$C_{n,x} = \frac{n!}{x!(n-x)!}$

And p is the probability of X happening.

20% of adults in the United States save nothing for retirement (CNBC website).

This means that $p = 0.2$

Suppose that sixteen adults in the United States are selected randomly.

This means that $n = 16$

What is the probability that three or less of the selected adults have saved nothing for retirement?

This is:

$P(X \leq 3) = P(X = 0) + P(X = 1) + P(X = 2) + P(X = 3)$

In which

$P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}$

$P(X = 0) = C_{16,0}.(0.2)^{0}.(0.8)^{16} = 0.0281$

$P(X = 1) = C_{16,1}.(0.2)^{1}.(0.8)^{15} = 0.1126$

$P(X = 2) = C_{16,2}.(0.2)^{2}.(0.8)^{14} = 0.2111$

$P(X = 3) = C_{16,3}.(0.2)^{3}.(0.8)^{13} = 0.2463$

$P(X \leq 3) = P(X = 0) + P(X = 1) + P(X = 2) + P(X = 3) = 0.0281 + 0.1126 + 0.2111 + 0.2463 = 0.5981$

0.5981 = 59.81% probability that three or less of the selected adults have saved nothing for retirement

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