Round to the nearest 100 124.66
2 answers:
Answer:
100
Step-by-step explanation:
124.66 Round to the nearest hundreds is 100. If the digit in the next smallest place value is less than five (0, 1, 2, 3, or 4), you leave the digit you want to round to as-is. Any digits after that number (including the next smallest place value you just looked at) become zeros, or drop-off if they're located after the decimal point. This is called rounding down. If the next smallest place value is greater than or equal to five (5, 6, 7, 8, or 9), you increase the value of the digit you're rounding to by one (+1). Just like before, any remaining digits before the decimal point become zeros, and any that are after the decimal point are dropped. This is called rounding up.
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Answer:
Step-by-step explanation:
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Answer:
The amount of money separating the lowest 80% of the amount invested from the highest 20% in a sampling distribution of 10 of the family's real estate holdings is $238,281.57.
Step-by-step explanation:
Let the random variable <em>X</em> represent the amount of money that the family has invested in different real estate properties.
The random variable <em>X</em> follows a Normal distribution with parameters <em>μ</em> = $225,000 and <em>σ</em> = $50,000.
It is provided that the family has invested in <em>n</em> = 10 different real estate properties.
Then the mean and standard deviation of amount of money that the family has invested in these 10 different real estate properties is:
Now the lowest 80% of the amount invested can be represented as follows:
The value of <em>z</em> is 0.84.
*Use a <em>z</em>-table.
Compute the value of the mean amount invested as follows:
Thus, the amount of money separating the lowest 80% of the amount invested from the highest 20% in a sampling distribution of 10 of the family's real estate holdings is $238,281.57.