The price of a new dishwasher is £376. This price includes VAT at a rate of 17.5%. What was the price before VAT was added?
1 answer:
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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:
In a normal distribution with mean and standard deviation , the z-score of a measure X is given by:
- 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
.
- Standard deviation of 1.3 years, thus
.
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:
has a p-value of 0.9871.
X = 2.8:
has a p-value of 0.1587.
0.9871 - 0.1587 = 0.8284, thus:
A similar problem is given at brainly.com/question/25151638
