Mr. Bannon sells roses at a commission rate of 25%. What is his commission for selling 235 dozen roses, priced at $15.50 a dozen
1 answer:
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Answer:
The level L such that there is probability only 0.01 that the mean glucose level of 6 test results falls above L is L = 127.1 mg/dl.
Step-by-step explanation:
To solve this problem, we need to understand the normal probability distribution and the central limit theorem.
Normal probability distribution
Problems of normally distributed samples are solved using the z-score formula.
In a set with mean and standard deviation
, the zscore of a measure X is given by:
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.
Central limit Theorem
The Central Limit Theorem estabilishes that, for a random variable X, with mean and standard deviation
, a large sample size can be approximated to a normal distribution with mean
and standard deviation
In this problem, we have that:
What is the level L such that there is probability only 0.01 that the mean glucose level of 6 test results falls above L ?
This is the value of X when Z has a pvalue of 1-0.01 = 0.99. So X when Z = 2.33.
By the Central Limit Theorem
The level L such that there is probability only 0.01 that the mean glucose level of 6 test results falls above L is L = 127.1 mg/dl.
Answer:
0.942
Step-by-step explanation:
Multiply the normal way as if there were no decimals, then move the decimal 3 times to the left.
