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jonny [76]
2 years ago
11

If somebody offered to give me £20 if I give them £10, have I actually made a profit?

Mathematics
2 answers:
Readme [11.4K]2 years ago
5 0

Answer:

Yes, you have made a profit.

Step-by-step explanation:

Basically, profit just means that you end up having more money than you started with.

Since you started with 10 and got a 20 in exchange for it, you now have 10 dollars more than you previously did, meaning you made a profit.

ElenaW [278]2 years ago
3 0

Answer:

You are correct because the profit is you gain more than you gave to someone.

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3 years ago
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A recent Gallup poll found that 36% of U.S. teens aged from 13 to 17 years old have a computer with [(6)] Internet access in the
In-s [12.5K]

Answer:

Step-by-step explanation:

a) The population parameter is the population proportion.

b) Confidence interval is written as

Sample proportion ± margin of error

Margin of error = z × √pq/n

Where

z represents the z score corresponding to the confidence level

p = sample proportion. It also means probability of success

q = probability of failure

q = 1 - p

p = x/n

Where

n represents the number of samples

x represents the number of success

From the information given,

n = 1028

p = 36/100 = 0.36

q = 1 - 0.36 = 0.64

To determine the z score, we subtract the confidence level from 100% to get α

α = 1 - 0.99 = 0.1

α/2 = 0.01/2 = 0.005

This is the area in each tail. Since we want the area in the middle, it becomes

1 - 0.05 = 0.995

The z score corresponding to the area on the z table is 2.58. Thus, confidence level of 99% is 2.58

Therefore, the 99% confidence interval is

0.36 ± 2.58 × √(0.36)(0.64)/1028

The lower limit of the confidence interval is

0.36 - 0.039 = 0.321

The upper limit of the confidence interval is

0.36 + 0.039 = 0.399

Therefore, with 99% confidence interval, the proportion of U.S. teens aged from 13 to 17 years old that have a computer with Internet access in their rooms is between 0.321 and 0.399

c) for a margin of error of 1%, that is 1/100 = 0.01, then

0.01 = 2.58 × √(0.36)(0.64)/n

0.01/2.58 = √0.2304/n

0.00387596899 = √0.2304/n

Square both sides

0.00001502314 = 0.2304/n

n = 0.2304/0.00001502314

n = 15336

5 0
4 years ago
The weight of football players is normally distributed with a mean of 200 pounds and a standard deviation of 25 pounds.Refer to
Dafna11 [192]

Given that

the weight of football players is distributed with a mean of 200 pounds and a standard deviation of 25 pounds.

And we need to find What is the minimum weight of the middle 95% of the players?

Explanation -

Using the Empirical Rule, 95% of the distribution will fall within 2 times of the standard deviation from the mean.

Two standard deviations = 2 x 25 pounds = 50 pounds

So the minimum weight = 200 pounds - 50 pounds = 150 pounds

Hence the final answer is 150 pounds.

3 0
1 year ago
Here is the histogram of a data distribution. All class widths are 1.
stich3 [128]

The median of the data is 5 if the all class widths are 1, option (C) is correct.

<h3>What is the median?</h3>

A median is a middle number in a series of numbers that have been arranged to lift, and it might be more informative of the set of data than the average. When there are extremes in the sequences that might affect the average of the numbers, the median is sometimes employed instead of the mean.

In the histogram, 15 data values are given:

1, 2, 2, 3, 3, 3, 4, 5, 6, 6, 7, 7, 7, 8, 9

The mid-value is 5 which is on the 8th place

Thus, the median of the data is 5 if the all class widths are 1, option (C) is correct.

Learn more about the median here:

brainly.com/question/21396105

#SPJ1

8 0
2 years ago
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