Answer:
interest income in amount of $4000 will be accrued
Step-by-step explanation:
given data
principal = $100,000
rate = 8 percent = 0.08
time period = 6 month ( July - December ) = [tex]\frac{1}{2}[/tex] year
solution
we get here interest at December 31, 2015 that is express as
interest = principal × rate × time ..................1
put here value and we will get
interest = $100,000 × 0.08 × [tex]\frac{1}{2}[/tex]
interest = $100,000 × 0.08 × 0.5
interest = $4000
so interest income in amount of $4000 will be accrued
Explain why hydrogen and fuel cells are required for 100% zero emissions and sustainable energy conversion throughout society. Provide at least three (3) reasons that they are required and describe the technical features that hydrogen and fuel cells offer to make these reasons compelling.
Answer:
A fuel cell converts hydrogen into electricity. This hydrogen is stored in a tank on board the FCEV. Hydrogen and energy components are not synonymous; they can be conveyed in mix or independently. Energy units can work on petroleum gas, which maintains a strategic distance from burning and in this way 90% of airborne toxins. Hydrogen can be scorched in motors and boilers with no immediate CO2 and close to zero NO2 discharges. At the point when utilized together, hydrogen power modules are zero-emanation at the purpose of utilization, with by and large outflows reliant on the fuel creation technique.Because fuel cells allow the regulated reaction of hydrogen (in a tank) and oxygen (from the air) to produce electricity, they are often perceived as non-polluting.Hydrogen (like electricity) is not a primary source of energy but rather an energy carrier. There are no natural reservoirs of pure hydrogen. To produce hydrogen, water can be electrolyzed in the reverse of the fuel-cell reaction. To force electrolysis to occur, considerable amounts of electricity are required, much of which is currently generated by burning fossil fuels. Alternatively, in commercial applications, the vast preponderance of hydrogen generated in the United States is extracted from a fossil fuel: natural gas. When natural gas (basically methane, a lightweight molecule made of carbon and hydrogen) is exposed to steam under high temperatures in the presence of a catalyst, it frees the hydrogen. This is called “reforming,” and the process produces carbon dioxide (CO2).
Step-by-step explanation:
Hydrogen and fuel cells are essential for achieving zero emissions and sustainable energy due to efficiency, renewable sourcing, and zero emissions.
Hydrogen and fuel cells are crucial for achieving 100% zero emissions and sustainable energy conversion due to several reasons:
Efficiency: Fuel cells offer high efficiency, up to 50% or more, compared to traditional combustion engines, contributing to reduced energy waste.
Renewable sourcing: Hydrogen can be produced from renewable sources like solar and wind, ensuring sustainable energy production.
Zero emissions: Hydrogen-powered vehicles emit only water and heat, making them environmentally friendly and reducing greenhouse gas emissions.
Police records in the town of Saratoga show that 15 percent of the drivers stopped for speeding have invalid licenses. If 12 drivers are stopped for speeding, (a) Find the probability that none will have an invalid license. (Round your answer to 4 decimal places.) P(X = 0) (b) Find the probability that exactly one will have an invalid license. (Round your answer to 4 decimal places.) P(X = 1) (c) Find the probability that at least 2 will have invalid licenses. (Round your answer to 4 decimal places.) P(X ≥ 2)
Answer:
(a) P(x=0) = 0.1422
(b) P(x=1) = 0.3012
(c) P(x≥2) = 0.5566
Step-by-step explanation:
The probability that x drivers will have an invalid license follows a binomial distributions, so it is calculated as:
[tex]P(x)=\frac{n!}{x!(n-x)!}*p^{x}*(1-p)^{n-x}[/tex]
Where n is equal to the 12 drivers stopped and p is the probability that a driver stopped for speeding have invalid licenses. Then, replacing values, we get:
[tex]P(x)=\frac{12!}{x!(12-x)!}*0.15^{x}*(1-0.15)^{12-x}[/tex]
Now, the probability that none will have an invalid licenses is calculated as:
[tex]P(x=0)=\frac{12!}{0!(12-0)!}*0.15^{0}*(1-0.15)^{12-0}\\P(x=0)=0.1422[/tex]
At the same way, the probability that exactly one will have an invalid license is calculated as:
[tex]P(x=1)=\frac{12!}{1!(12-1)!}*0.15^{1}*(1-0.15)^{12-1}\\P(x=1)=0.3012[/tex]
Finally, the probability that at least 2 will have invalid licenses is calculated as:
[tex]P(x\geq 2)=1-P(x<2)\\P(x\geq 2)=1-(P(x=0)+P(x=1))\\P(x\geq 2)=1-(0.1422+0.3012)\\P(x\geq 2)=1-0.4434\\P(x\geq 2)=0.5566[/tex]
Answer:
a) [tex] P(X=0) = (12C0) (0.15)^0 (1-0.15)^{12-0} =0.1422[/tex]
b) [tex] P(X=1) = (12C1) (0.15)^1 (1-0.15)^{12-1} =0.3012[/tex]
c) [tex] P(X \geq 2) = 1-P(X<2) = 1-P(X\leq 1)= 1-[P(X=0)+P(X=1)][/tex]
And replacing we got:
[tex]P(X \geq 2)= 1- [0.1422+0.3012]= 0.5566[/tex]
Step-by-step explanation:
Previous concepts
A Bernoulli trial is "a random experiment with exactly two possible outcomes, "success" and "failure", in which the probability of success is the same every time the experiment is conducted". And this experiment is a particular case of the binomial experiment.
The binomial distribution is a "DISCRETE probability distribution that summarizes the probability that a value will take one of two independent values under a given set of parameters. The assumptions for the binomial distribution are that there is only one outcome for each trial, each trial has the same probability of success, and each trial is mutually exclusive, or independent of each other".
The probability mass function for the Binomial distribution is given as:
[tex]P(X)=(nCx)(p)^x (1-p)^{n-x}[/tex]
Where (nCx) means combinatory and it's given by this formula:
[tex]nCx=\frac{n!}{(n-x)! x!}[/tex]
Solution to the problem
Let X the random variable of interest, on this case we now that:
[tex]X \sim Binom(n=12, p=0.15)[/tex]
Part a
We want this probability:
[tex] P(X=0) = (12C0) (0.15)^0 (1-0.15)^{12-0} =0.1422[/tex]
Part b
We want this probability:
[tex] P(X=1) = (12C1) (0.15)^1 (1-0.15)^{12-1} =0.3012[/tex]
Part c
We want this probability:
[tex]P(X \geq 2)[/tex]
And we can use the complement rule:
[tex] P(X \geq 2) = 1-P(X<2) = 1-P(X\leq 1)= 1-[P(X=0)+P(X=1)][/tex]
And replacing we got:
[tex]P(X \geq 2)= 1- [0.1422+0.3012]= 0.5566[/tex]
An SRS of 350 high school seniors gained an average of ¯ x = 21 points in their second attempt at the SAT Mathematics exam. Assume that the change in score has a Normal distribution with standard deviation σ = 52 . (a) Find a 99 % confidence interval for the mean change in score μ in the population of all high school seniors. (Enter your answers rounded to two decimal places.) lower bound of confidence interval: upper bound of confidence interval:
Answer:
Upper bound: 26.45
Lower bound: 15.55
Step-by-step explanation:
We are given the following in the question:
Sample mean, [tex]\bar{x}[/tex] = 21
Sample size, n = 350
Alpha, α = 0.05
Population standard deviation, σ = 52
95% Confidence interval:
[tex]\mu \pm z_{critical}\frac{\sigma}{\sqrt{n}}[/tex]
Putting the values, we get,
[tex]z_{critical}\text{ at}~\alpha_{0.05} = 1.96[/tex]
[tex]21 \pm 1.96(\dfrac{52}{\sqrt{350}} ) = 21 \pm 5.45 = (15.55,26.45)[/tex]
Upper bound: 26.45
Lower bound: 15.55
Final answer:
The 99% confidence interval for the mean change in score in the population of high school seniors ranges from approximately 13.89 to 28.11 points.
Explanation:
To find the 99% confidence interval for the mean change in score μ in the population of all high school seniors, we'll use the formula for the confidence interval of the mean for a population when the standard deviation is known:
Confidence interval = μ ± (z*·σ/√n)
Where μ is the mean, σ is the standard deviation, n is the sample size, and z* is the z-score associated with the desired confidence level. Here, the sample mean (μ) is 21, the standard deviation (σ) is 52, and the sample size (n) is 350. The z-score for a 99 percent confidence level is approximately 2.576.
Confidence interval = 21 ± (2.576*52/√350)
First, calculate the margin of error:
Margin of error = 2.576 * (52/√350) ≈ 7.11
Then, calculate the confidence interval:
Lower bound = 21 - 7.11 = 13.89 (rounded to two decimal places)
Upper bound = 21 + 7.11 = 28.11 (rounded to two decimal places)
Therefore, the 99 percent confidence interval for the mean change in score μ is approximately from 13.89 to 28.11 points.
g A signal x(????) with Fourier transform ????(???? ) undergoes impulse-train sampling to generate 4 where For each of the following sets of constraints on x(????) or ????(???? ), does the sampling guarantee that x(????) can be recovered from xxpp(????????)? Justify your answer and show your work. Simple yes/no answers are not acceptable. a) ????????(???????????? )=0 for |????????|>5,000???????? b) ????????(???????????? )=0 for |????????|>15,000???????? c) ???????????? {????????(???????????? )}=0 for |????????|>5,000???????? d) xx(????????) is real and ????????(???????????? )=0 for |????????|>15,000???????? [hint: if xx(????????) is real-valued then ????????(???????????? )=????????∗(−???????????? )] e) ????????(???????????? )∗????????(???????????? )=0 for |????????|>15,000???????? f) |????????(???????????? )|=0 for ????????>5,000???????? Problem
Answer:
(a) The Nyquist rate for the given signal is 2 × 5000π = 10000π. Therefore, in order to be able
to recover x(t) from xp(t), the sampling period must at most be Tmax =
2π
10000π = 2 × 10−4
sec. Since the sampling period used is T = 10−4 < Tmax, x(t) can be recovered from xp(t).
(b) The Nyquist rate for the given signal is 2 × 15000π = 30000π. Therefore, in order to be able
to recover x(t) from xp(t), the sampling period must at most be Tmax =
2π
30000π = 0.66×10−4
sec. Since the sampling period used is T = 10−4 > Tmax, x(t) cannot be recovered from
xp(t).
(c) Here, Im{X(jω)} is not specified. Therefore, the Nyquist rate for the signal x(t) is indeterminate. This implies that one cannot guarantee that x(t) would be recoverable from xp(t).
(d) Since x(t) is real, we may conclude that X(jω) = 0 for |ω| > 5000. Therefore, the answer to
this part is identical to that of part (a).
(e) Since x(t) is real, X(jω) = 0 for |ω| > 15000π. Therefore, the answer to this part is identical
to that of part (b).
(f) If X(jω) = 0 for |ω| > ω1, then X(jω) ∗ X(jω) = 0 for |ω| > 2ω1. Therefore, in this
part, X(jω) = 0 for |ω| > 7500π. The Nyquist rate for this signal is 2 × 7500π = 15000π.
Therefore, in order to be able to recover x(t) from xp(t), the sampling period must at most
be Tmax =
2π
15000π = 1.33 × 10−4
sec. Since the sampling period used is T = 10−4 < Tmax,
x(t) can be recovered from xp(t).
(g) If |X(jω)| = 0 for |ω| > 5000π, then X(jω) = 0 for |ω| > 5000π. Therefore, the answer to
this part is identical to the answer of part (a).
Alice and Bob each picks an integer number uniformly at random between 1 and n. Assume that all possible combinations of two numbers are equally likely to be picked. What is the probability that Alice’s number is bigger than Bob’s?
Answer:
The answer is 1/n
Step-by-step explanation:
First number = Alice's number
Second Number = Bob's Number
There are already 2 good answers if the first number is AT LEAST 1 greater than the second.
However, what if the first number is EXACTLY 1 greater than the second?
I will assume the first number is removed from the array after being selected.
If the first number is 1, then it is impossible, because the second number cannot be less than 1.
If the first number is 2, then the second number could be 1, which has a probability of 1/(n-1)
If the first number is 3, then the second number could be 2, which has a probability of 1/(n-1)
etc…
There is a 1/n probability of each first number selected, so the answer would be:
0*1/n+1/n*1/(n−1)+1/n*1/(n−1)+⋯+1/n*1/(n−1)
There are n terms in that series.
That gives us:
0+1/n(n−1)+1/n(n−1)+⋯+1/n(n−1)
There are n-1 of those identical terms, because 1 of the terms is 0.
(n−1)/n(n−1)=1/n
So the answer is 1/n.
Suppose a new production method will be implemented if a hypothesis test supports the conclusion that the new method reduces the mean operating cost per hour. a. State the appropriate null and alternative hypotheses if the mean cost for the current production method is 215 per hour.
b. What is the Type I error in this situation? What are the consequences of making this error?
c. What is the Type II error in this situation? What are the consequences of making this error?
a. Null hypothesis (H0): Mean cost for the new production method is $215 per hour.
Alternative hypothesis (H1): Mean cost for the new production method is less than $215 per hour.
b. Type I error: Rejecting the null hypothesis when it is true; consequence: Implementing the new method incorrectly and incurring unnecessary costs.
c. Type II error: Failing to reject the null hypothesis when it is false; consequence: Missing the opportunity to adopt a cost-effective production method and continuing with higher operating costs.
We have,
a. The appropriate null and alternative hypotheses would be:
Null Hypothesis (H0): The mean cost for the new production method is equal to or greater than $215 per hour.
Alternative Hypothesis (H1): The mean cost for the new production method is less than $215 per hour.
b. The Type I error in this situation would be rejecting the null hypothesis when it is actually true.
In other words, it would mean concluding that the new production method reduces the mean operating cost per hour when it actually doesn't.
The consequence of making this error is that resources, time, and effort might be invested in implementing the new method based on incorrect information, potentially leading to unnecessary costs and inefficiencies.
c. The Type II error in this situation would be failing to reject the null hypothesis when it is actually false.
In other words, it would mean failing to conclude that the new production method reduces the mean operating cost per hour when it actually does.
The consequence of making this error is that the opportunity to adopt a more cost-effective production method would be missed, potentially leading to continued higher operating costs and missed efficiency gains.
Thus,
a. Null hypothesis (H0): Mean cost for the new production method is $215 per hour.
Alternative hypothesis (H1): Mean cost for the new production method is less than $215 per hour.
b. Type I error: Rejecting the null hypothesis when it is true; consequence: Implementing the new method incorrectly and incurring unnecessary costs.
c. Type II error: Failing to reject the null hypothesis when it is false; consequence: Missing the opportunity to adopt a cost-effective production method and continuing with higher operating costs.
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The null and alternative hypotheses are set as μ ≥ 215 and μ < 215 respectively. A Type I error, rejecting the null hypothesis when it's true, could lead to unnecessary changes. A Type II error, failing to reject the null hypothesis when it's false, could result in missed cost savings.
Explanation:a. In this situation, the null hypothesis (H0) would state that the mean cost of the new production method is equal to or greater than 215. We can denote this as: H0: μ ≥ 215. The alternative hypothesis (Ha) posits that the mean cost of the new production method is less than 215, denoted as: Ha: μ < 215.
b. A Type I error would occur if we incorrectly reject the null hypothesis, concluding that the new method reduces the cost when, in fact, it does not. The consequence could be implementing a production method that doesn't actually provide the desired savings, which could lead to unnecessary changes and associated costs.
c. A Type II error would happen if we fail to reject the null hypothesis when it's actually false, meaning the new method does reduce the cost but we fail to recognize it. The consequence of this error could be missing out on an opportunity to reduce operating costs, potentially leading to higher than necessary expenses.
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Use the rectangle hexagon with side length 10 meters to fill in the missing information
Answer:
[tex]A_h=150\sqrt{3}\ m^2[/tex]
Step-by-step explanation:
Regular Hexagon
For the explanation of the answer, please refer to the image below. Let's analyze the triangle shown inside of the hexagon. It's a right triangle with sides x,y, and z.
We know that x is half the length of the side length of the hexagon. Thus
[tex]x=5 m[/tex]
Note that this triangle repeats itself 12 times into the shape of the hexagon. The internal angle of the triangle is one-twelfth of the complete rotation angle, i.e.
[tex]\theta=360/12=30^o[/tex]
Now we have [tex]\theta[/tex], the height of the triangle y is easily found by
[tex]\displaystyle tan30^o=\frac{x}{y}[/tex]
Solving for y
[tex]\displaystyle y=\frac{x}{tan30^o}=\frac{5}{ \frac{1} {\sqrt{3} }}=5\sqrt{3}[/tex]
The value of z can be found by using
[tex]\displaystyle sin30^o=\frac{x}{z}[/tex]
[tex]\displaystyle z=\frac{x}{sin30^o}=\frac{5}{\frac{1}{2}}=10[/tex]
The area of the triangle is
[tex]\displaystyle A_t=\frac{xy}{2}=\frac{5\cdot 5\sqrt{3}}{2}=\frac{25\sqrt{3}}{2}[/tex]
The area of the hexagon is 12 times the area of the triangle, thus
[tex]\displaystyle A_h=12\cdot A_t=12\cdot \frac{25\sqrt{3}}{2}=150\sqrt{3}[/tex]
[tex]\boxed{A_h=150\sqrt{3}\ m^2}[/tex]
Events A1, A2 and A3 form a partiton of the sample space S with probabilities P(A1) = 0.3, P(A2) = 0.5, P(A3) = 0.2.
If E is an event in S with P(E|A1) = 0.1, P(E|A2) = 0.6, P(E|A3) = 0.8, compute
a. P(E) =
b. P(A1|E) =
c. P(A2|E) =
d. P(A3|E) =
a. By the law of total probability,
[tex]P(E)=P(A_1\cap E)+P(A_2\cap E)+P(A_3\cap E)[/tex]
and using the definition of conditional probability we can expand the probabilities of intersection as
[tex]P(E)=P(E\mid A_1)P(A_1)+P(E\mid A_2)P(A_2)+P(E\mid A_3)P(A_3)[/tex]
[tex]P(E)=0.1\cdot0.3+0.6\cdot0.5+0.8\cdot0.2=0.49[/tex]
b. Using Bayes' theorem (or just the definition of conditional probability), we have
[tex]P(A_1\mid E)=\dfrac{P(A_1\cap E)}{P(E)}=\dfrac{P(E\mid A_1)P(A_1)}{P(E)}[/tex]
[tex]P(A_1\mid E)=\dfrac{0.1\cdot0.3}{0.49}\approx0.0612[/tex]
c. Same reasoning as in (b):
[tex]P(A_2\mid E)=\dfrac{P(E\mid A_2)P(A_2)}{P(E)}\approx0.612[/tex]
d. Same as before:
[tex]P(A_3\mid E)=\dfrac{P(E\mid A_3)P(A_3)}{P(E)}\approx0.327[/tex]
(Notice how the probabilities conditioned on [tex]E[/tex] add up to 1)
The rate at which a body cools also depends on its exposed surface area S. If S is a constant, then a modification of (2), given in Section 3.1, is dT dt = kS(T − Tm), where k < 0 and Tm is a constant. Suppose that two cups A and B are filled with coffee at the same time. Initially, the temperature of the coffee is 145° F. The exposed surface area of the coffee in cup B is twice the surface area of the coffee in cup A. After 30 min the temperature of the coffee in cup A is 95° F. If Tm = 65° F, then what is the temperature of the coffee in cup B after 30 min? (Round your answer to two decimal places.)
Answer:
76.25°
Step-by-step explanation:
The solution to the differential equation is an exponential curve with a horizontal asymptote at Tm. It passes through (0, 145) and (30, 95), so the equation can be written as ...
T = 80 +65((95-65)/(145-65))^(t/30)
T = 80 +65(3/8)^(t/30)
That is, the temperature difference is reduced to 3/8 of its original value in 30 minutes.
Since the coffee in cup B cools twice as fast, it will cool to the same temperature (95°) in 15 minutes. In the next 15 minutes, the temperature difference will be reduced to (3/8)^2 of the original 80°, so will be 11.25°. That is, the temperature of cup B will be ...
11.25° +65° = 76.25°
after 30 minutes.
The temperature of coffee in cup B after 30 minutes would be 45° F, as the rate of cooling is faster due to a larger exposed surface area.
Explanation:According to the given condition, the rate of cooling (dT/dt) is proportional to the exposed surface area (S). It suggests that, with the surface area doubled for cup B, the rate of cooling (change in temperature) would also be double. Therefore, in the first 30 minutes, the temperature of coffee would decrease twice as fast as it did in cup A. In cup A, the temperature decreases from 145° F to 95° F in 30 minutes hence a decrease of 50° F. If the temperature of cup B decreases twice as fast, it decreases 100° F in 30 minutes. So, the temperature of the coffee in cup B after 30 minutes would be 145° F - 100° F = 45° F.
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Every morning Jack flips a fair coin ten times. He does this for anentire year. LetXbe the number of days when all the flips come out the same way(all heads or all tails).(a) Give the exact expression for the probabilityP(X >1).(b) Is it appropriate to approximateXby a Poisson distribution
The probability question from part (a) requires calculating the chance of getting all heads or all tails on multiple days in a year, which involves complex probability distributions. For part (b), using a Poisson distribution could be appropriate due to the rarity of the event and the high number of trials involved.
Explanation:The question pertains to the field of probability theory and involves calculating the probability of specific outcomes when flipping a fair coin. For part (a), Jack flips a coin ten times each morning for a year, counting the days (X) when all flips are identical (all heads or all tails). The exact expression for P(X > 1), the probability of more than one such day, requires several steps. First, we find the probability of a single day having all heads or all tails, then use that to calculate the probability for multiple days within the year. For part (b), whether it is appropriate to approximate X by a Poisson distribution depends on the rarity of the event in question and the number of trials. A Poisson distribution is typically used for rare events over many trials, which may apply here.
For part (a), the probability on any given day is the sum of the probabilities of all heads or all tails: 2*(0.5^10). Over a year (365 days), we need to calculate the probability distribution for this outcome occurring on multiple days. To find P(X > 1), we would need to use the binomial distribution and subtract the probability of the event not occurring at all (P(X=0)) and occurring exactly once (P(X=1)) from 1. However, this calculation can become quite complex due to the large number of trials.
For part (b), given the low probability of the event (all heads or all tails) and the high number of trials (365), a Poisson distribution may be an appropriate approximation. The mean (λ) for the Poisson distribution would be the expected number of times the event occurs in a year. Since the probability of all heads or all tails is low, it can be considered a rare event, and the Poisson distribution is often used for modeling such scenarios.
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A local pizzeria sells 500 large pepperoni pizzas per week at a price of $20 each. Suppose the owner of the pizzeria tells you that the price elasticity of demand for his pizza is -2, and he asks you for advice. He wants to know two things. First, how many pizzas will he sell if he cuts his price by 10%? Second, how will his revenue be affected?
Answer:
(1) He would sell 600 pizzas if he cuts his price by 10%
(2) His revenue would increase by 8% ($800)
Step-by-step explanation:
(1) Price elasticity of demand = % change in quantity demanded /% change in price
price elasticity of demand = -2
Initial price = $20
New price = $20 - (10% × $20) = $20 - $2 = $18
Change in price = new price - initial price = 18 - 20 = -2
% change in price = -2/20 × 100 = -10%
% change in quantity demanded = price elasticity of demand × % change in price = -2 × -10% = 20%
Let the new quantity demanded be y
% change in quantity demanded = (y-500)/500
0.2 = (y-500)/500
y-500 = 0.2×500
y-500 = 100
y = 100+500 = 600
If he reduces his price by 10%, he would sell 600 pizzas.
(2) If he sells each pizza $20, quantity demanded is 500
Revenue = 500 × $20 = $10,000
If he cuts his price by 10%, his new price would be $180 and new quantity demanded is 600
Revenue = 600 × $18 = $10,800
If he cuts his price by 10% his revenue would increase by $800 ($10,800 - $10,000 = $800)
Final answer:
By decreasing the price by 10%, the pizzeria can expect a 20% increase in quantity demanded, resulting in 600 pizzas sold and an increase in revenue to $10,800 from the original $10,000, showing the price decrease to be beneficial.
Explanation:
The student's question involves calculating the impact of a price change on demand and revenue for a pizzeria, given a price elasticity of demand of -2. To address this, we can apply the formula for price elasticity of demand, which is the percentage change in quantity demanded divided by the percentage change in price. Knowing that the demand elasticity is -2 and the owner plans to reduce the price by 10%, we can calculate the expected change in quantity demanded and how revenue will be affected.
First, a 10% decrease in the price from $20 to $18 results in a 20% increase in quantity demanded (since the elasticity is -2, the absolute value indicates the proportionate change in quantity for a 1% change in price, thus 10% price change × 2 = 20% quantity change). Hence, the new quantity demanded will be 500 (original) × 1.20 (20% increase) = 600 pizzas. Second, the new revenue will be 600 (quantity) × $18 (new price) = $10,800, compared to the original revenue of 500 × $20 = $10,000. The pizzeria's revenue increases by $800, indicating that the price decrease was beneficial in terms of revenue.
A bicycle is traveling at a speed of 15.5 miles per hour. What is the speed in feet per minute?
Answer:
1364
Step-by-step explanation:
The population of bald eagles is decreasing 4% each year. In 2015, there were 2800 bald eagles.
What will the approximate population of bald eagles be in the year 2030?
Answer:
1120 Eagles
Step-by-step explanation:
If the population of Eagles decreases by 4% percent each year, then in 2030 (which is 15 years later), the population would decrease by (4 × 15)%
that is 60%
This indicates that the population of bald eagles in the year 2030 would be 60% less of what it was in the year 2015.
so we have, [tex]\frac{60}{100}[/tex] × 2800
which gives us 1680
this means that the number of bald eagles in the year 2030 would be 1680 less than the number of bald eagles in the year 2015
hence 2800 - 1680
then the answer is 1120 Bald Eagles
Answer: the approximate population of bald eagles be in the year 2030 is 15178
Step-by-step explanation:
The population of bald eagles is decreasing 4% each year. This means that the rate is exponential.
We would apply the formula for exponential decay which is expressed as
A = P(1 - r)^t
Where
A represents the population after t years.
t represents the number of years.
P represents the initial population.
r represents rate of growth.
From the information given,
P = 2800
r = 4% = 4/100 = 0.04
t = 2030 - 2015 = 15 years
Therefore
A = 2800(1 - 0.04)^ 15
A = 2800(0.96)^ 15
A = 15178
In a statistics class of 42 students, 14 have volunteered for community service in the past. If two students are selected at random from this class, what is the probability that both of them have volunteered for community service? Round your answer to four decimal places. P(both students have volunteered for community service) the absolute tolerance is __________
The correct statement is that the probability of both the students who have volunteered for community service the absolute tolerance will be 0.1056.
The calculation of the probability of both the students who have volunteered for the community service getting selected is shown by doing multiple calculations as under.
It is assumed that the number of students is denoted by n. So, n=42.It is assumed that the students who have volunteered is denoted by x. So x= 14.Calculating further,The random 2 students can be selected by using the formula below and applying the given info to the formula we get,[tex]\left \ ( {{n} \atop {r}} \right. )= \dfrac {n!}{2(42-2)!}\\\\\\\left \ ( {{42} \atop {2}} \right. )=861[/tex]Selecting 2 students out of the 14 volunteered by using the similar formula,[tex]\left \ ( {{14} \atop {2}} \right. )= \dfrac{14!}{2(14-2)!}\\\\\\\left \ ( {{14} \atop {2}} \right. )= 91[/tex]Now calculating the probability by dividing the values derived from the above calculations,[tex]\rm Probability= \dfrac{Favorable\ Observations}{Total\ Observations}\\\\\\\rm Probability= \dfrac{91}{861}\\\\\\\rm Probability= 0.1056[/tex]So we know that the probability of two students getting selected from the number of students who have volunteered for the community service is 0.1056.Hence, correct statement is that the probability of both the students who have volunteered for community service the absolute tolerance will be 0.1056.
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The company leased two manufacturing facilities. Lease A requires 20 annual lease payments of $200,000 beginning on January 1, 2019. Lease B also is for 20 years, beginning January 1, 2019. Terms of the lease require 17 annual lease payments of $220,000 beginning on January 1, 2022. Generally accepted accounting principles require both leases to be recorded as liabilities for the present value of the scheduled payments. Assume that a 10% interest rate properly reflects the time value of money for the lease obligations
Answer:
the present value of the lease obligation for lease A will be $1,702,712.74 while the present value of lease B will be $1,764,741.73
Step-by-step explanation:
the present value of annual lease payment will be determined by discounting the total amount to be received from lease payment over years.
for lease A , Pv = A [tex]\fracA{1 -(1+r)^{-n} }{r}[/tex]
= $200,000( 1 - (1+0.1)[tex]^{20}[/tex]) / 0.1 = $1,702,712.74
for lease B , Pv = $220,000( 1 - (1+0.1)[tex]^-{17}[/tex]) / 0.1 = $1,764,741.73
the amount to be dicloased in the balance sheet at 31 december, 2018
The present value of lease payments assesses the current value of future lease liabilities, using a specified interest rate. Calculations for Lease A and Lease B would involve discounting their respective future lease payments at the given 10% interest rate to understand the company's financial obligations.
Explanation:Present Value of Lease Payments
The present value of lease payments is a critical financial measure used by companies to assess the value of lease liabilities on their balance sheets. Generally, it accounts for all lease payments, discounted by a specific interest rate that reflects the time value of money. For Lease A, the company will make 20 annual payments of $200,000 each, starting on January 1, 2019. For Lease B, the company will make 17 annual payments of $220,000 each, starting on January 1, 2022. Using a discount rate of 10%, the present value of these lease payments can be calculated using the formula for the present value of an annuity.
For example, if a firm borrows $10,000 at an annual interest rate of 10%, it will owe $11,000 after one year because the original amount will accumulate interest. This illustrates the principle that a dollar today is worth more than a dollar in the future due to its potential to earn interest. Accordingly, the present value calculations for Lease A and Lease B will provide the amount the company should theoretically be willing to pay today to cover the lease payments over the course of the respective lease terms.
To overcome an infection an anti-biotic is injected into David’s bloodstream. After the injection the anti-biotic in his body decreases at a rate proportional to the amount, Q(t), present at time t. If the initial injection was 8 ccs and 5 ccs remain after 4 hours, estimate how many ccs will remain after 5 hours?
Answer:
4.45 ccs will remain after 5 hours.
Step-by-step explanation:
The anti-biotic in his body decreases at a rate proportional to the amount, Q(t), present at time t.
(dQ/dt) = - kQ ((Minus sign because it's a rate of reduction)
(dQ/dt) = -kQ
(dQ/Q) = -kdt
∫ (dQ/Q) = -k ∫ dt
Solving the two sides as definite integrals by integrating the left hand side from Q₀ to Q and the Right hand side from 0 to t.
We obtain
In (Q/Q₀) = -kt
(Q/Q₀) = e⁻ᵏᵗ
Q(t) = Q₀ e⁻ᵏᵗ
the initial injection was 8 ccs and 5 ccs remain after 4 hours
Q₀ = 8 ccs,
At t = 4 hours, Q = 5 ccs
5 = 8 e⁻ᵏᵗ
e⁻ᵏᵗ = 0.625
-kt = In (0.625) = -0.47
-4k = 0.47
k = 0.1175 /hour
Q(t) = Q₀ e⁻⁰•¹¹⁷⁵ᵗ
At t = 5 hours, Q = ?
Q = 8 e⁻⁰•¹¹⁷⁵ᵗ
0.1175 × 5 = 0.5875
Q = 8 e(^-0.5875)
Q = 4.45 ccs
Hope this Helps!!!
The operations manager of a large production plant would like to estimate the mean amount of time a worker takes to assemble a new electronic component. Assume that the standard deviation of this assembly time is 3.6 minutes and is normally distributed.
a) After observing 120 workers assembling similar devices, the manager noticed that their average time was 16.2 minutes. Construct a 92% confidence interval for the mean assembly time.
b) How many workers should be involved in this study in order to have the mean assembly time estimated up to
We can calculate the 92% confidence interval for the mean assembly time to be approximately 15.572 to 16.828 minutes. The information provided, however, is insufficient to answer part b) of the question.
Explanation:In order to construct a 92% confidence interval for the mean assembly time, we first have to find the z-score corresponding to this level of confidence. The z-score for a 92% confidence interval is approximately 1.75. This value is found using a standard normal distribution table (or z-table).
So, the 92% confidence interval for the mean assembly time of 16.2 minutes can be computed as follows: 16.2 ± 1.75*(3.6/sqrt(120)). This gives a confidence interval of approximately 15.572 to 16.828 minutes.
Regarding the second part of your question (b), it seems unfinished and lacks enough information for me to provide a complete answer. Typically, a desired margin of error or a certain level of confidence would need to be specified to determine the sample size.
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a) The 92% confidence interval for the mean assembly time is (15.75 minutes, 16.65 minutes). b) About 993 workers are needed for the study to estimate the mean assembly time with a 0.2-minute margin of error.
To construct the confidence interval, use the formula for the confidence interval of the mean for a normal distribution: [tex]\[ \text{CI} = \bar{x} \pm z \times \frac{\sigma}{\sqrt{n}} \][/tex]
1. Calculate the standard error of the mean: [tex]\[ \text{SE} = \frac{\sigma}{\sqrt{n}} = \frac{3.6}{\sqrt{120}} \approx 0.329 \][/tex]
2. Find the critical z-value for a 92% confidence interval (using a z-table or calculator): [tex]\( z = 1.75 \) (approximately).[/tex]
3. Substitute the values into the formula: [tex]\[ \text{CI} = 16.2 \pm 1.75 \times 0.329 \][/tex]
4. Calculate the confidence interval: [tex]\[ \text{CI} = (16.2 - 0.575, 16.2 + 0.575) \][/tex]
[tex]\[ \text{CI} = (15.625, 16.775) \][/tex]
So, the 92% confidence interval for the mean assembly time is approximately (15.625 minutes, 16.775 minutes).
b) To estimate the mean assembly time with a desired margin of error, use the formula for the required sample size: [tex]\[ n = \left( \frac{z \times \sigma}{\text{ME}} \right)^2 \][/tex]
Given the desired margin of error (ME), let's say 0.2 minutes, and using \( z = 1.75 \) from the 92% confidence level:
[tex]\[ n = \left( \frac{1.75 \times 3.6}{0.2} \right)^2 \]\[ n = (31.5)^2 \]\[ n = 992.25 \][/tex]
So, approximately 993 workers should be involved in the study to estimate the mean assembly time with a margin of error of 0.2 minutes.
The net worthw(t) of a company is growing at a rate of′(t) = 2000−121t2dollarsper year, wheretis in years since 1990.(a) If the company is worth $40,000 in 1990, how much is it worth in 2000
Answer:
The worth of the company in 2000 is $56,000.
Step-by-step explanation:
The growth rate of the company is:
[tex]f'(t)=2000-12t^{2}[/tex]
To determine the worth of the company in 2000, first compute the change in the net worth during the period 1990 (t = 0) to 2000 (t = 10) as follows:
[tex]\int\limits^{10}_{0} {2000-12t^{2}} \, dt =\int\limits^{10}_{0} {2000} \, dt-12\int\limits^{10}_{0} {t^{2}} \, dt=2000 |t|^{10}_{0}-12|\frac{t^{3}}{3}|^{10}_{0}\\=(2000\times10)-(4\times10^{3})\\=20000-4000\\=16000[/tex]
The increase in the company's net worth from 1990 to 2000 is $16,000.
If the company's worth was $40,000 in 1990 then the worth of the company in 2000 is:
Worth in 2000 = Worth in 1990 + Net increase in company's worth
[tex]=40000+16000\\=56000[/tex]
Thus, the worth of the company in 2000 is $56,000.
Which of the following values cannot be probabilities?
Select all the values that cannot be probabilities.
1, -0.51, 5/3, √ 2 , 3/5, 0.03, 0, 1.37
Answer:
-0.51, 5/3, sqrt (2), and 1.37
Step-by-step explanation:
As we know probability must be between 0 and 1. It cannot be greater than 1 and cannot be less than 0 or negative
1, can be the probability as it lies between 0 and 1
-0.51, cannot be the value of probability as it is negative
5/3 = 1.66 which is greater than 1, so cannot be the value of probability
[tex]\sqrt{2}[/tex] = 1.41 which is greater than 1, so cannot be the value of probability
3/5 = 0.6 can be the probability as it lies between 0 and 1
0.03, can be the probability as it lies between 0 and 1
1.37 which is greater than 1, so cannot be the value of probability
A 99% confidence interval for the mean \muμ of a population is computed from a random sample and found to be 6 ± 3. We may conclude that Group of answer choices there is a 99% probability that \mu μ is between 3 and 9. there is a 99% probability that the true mean is 6, and there is a 99% chance that the true margin of error is 3. if we took many additional random samples, the mean would be 6 and the margin of error would be 3. if we obtained several more samples and calculated a confidence interval for each the margin of error would be 3 but the sample mean would be different.
Answer:
There is a 99% probability that \mu μ is between 3 and 9.
Step-by-step explanation:
For a confidence level of x% for a mean being found between a and b, it means that we are x% sure, that is, there is a x% probability that the true mean for the population is between a and b.
A 99% confidence interval for the mean μ of a population is computed from a random sample and found to be 6 ± 3.
99% probability that the true mean of the population is between 3 and 9.
So the correct answer is:
There is a 99% probability that \mu μ is between 3 and 9.
A 99% confidence interval of 6 ± 3 implies that we are 99% confident that the population mean is between 3 and 9. If further samples were taken, both the mean and margin of error could vary, depending on the specific data points and variability of each sample.
Explanation:A 99% confidence interval refers to the range of values within which we are 99% confident that the population mean (μ) resides. In this case, the confidence interval is 6 ± 3, which implies that we are 99% confident that the mean is anywhere between 3 and 9. It does not mean that there is a 99% probability that the true mean is 6, or that the true margin of error is 3. The margin of error is a function of your data's variability and your sample size, not a fixed number.
If we take more random samples, the mean could be different because each sample may contain different individuals or data points with different distributions. However, if the sampling process is properly randomized and unbiased, on average, the mean of the samples should be close to the population mean.
While the margin of error would be expected to remain around 3 for similar sample sizes and variability, it is not guaranteed to always be 3, as it depends on the specific data in each sample.
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Disjoint, Independent, and Complement State whether the two events (A and B) described are disjoint, independent, and/or complements. (It is possible that the two events fall into more than one of the three categories, or none of them.) Australia plays Argentina for the championship in the Rugby World Cup. At the same time, Ukraine plays Russia for the World Team Chess Championship. Let A be the event that Argentina wins their rugby match and B be the event that Ukraine wins their chess match. Disjoint
Answer:
Independent Events
Step-by-step explanation:
Two events are mutually exclusive or disjoint if they cannot both occur at the same time.
Two events are independent if the probability of occurrence of one does not affect the probability of occurrence of the other.
The complement of any event B is the event [not B], i.e. the event that B does not occur.
Australia plays Argentina for the championship in the Rugby World Cup.
At the same time, Ukraine plays Russia for the World Team Chess Championship.
A = event that Argentina wins their rugby match.
B = the event that Ukraine wins their chess match.
The two events A and B are Independent as the outcome of one does not affect the outcome of the other
An object of mass 600 kg is released from rest 1000 m above the ground and allowed to fall under the influence of gravity. Assuming the force due to air resistance is proportional to the velocity of the object with proportionality constant bequals50 N-sec/m, determine the equation of motion of the object. When will the object strike the ground? [Hint: Here the exponential term is too large to ignore. Use Newton's method to approximate the time t when the object strikes the ground.] Assume that the acceleration due to gravity is 9.81 m divided by sec squared.
Answer:
15 sec
Step-by-step explanation:
Data:
let m = 600 kg
b = 50
the differential equation will be:
[tex]m\frac{dv}{dt} = mg - bv(t)[/tex]
The equation of motion of the object can be determined considering the forces acting on it, including the force due to gravity and the force due to air resistance. The equation can be rearranged and solved using the given values in Newton's method to approximate the time when the object strikes the ground.
Explanation:The equation of motion of the object can be determined by considering the forces acting on it. The main force acting on the object is the force due to gravity, which is given by F = mg, where m is the mass of the object and g is the acceleration due to gravity. However, in this case, we also need to consider the force due to air resistance, which is proportional to the velocity of the object.
Let's denote the velocity of the object as v and the constant of proportionality for the force due to air resistance as b. The equation of motion can then be written as:
m(dv/dt) = mg - bv
This equation can be rearranged to get:
(dv/dt) + (b/m)v = g
Now, we can solve this differential equation to find the velocity as a function of time, and then integrate the velocity to get the position as a function of time. However, since the exponential term is too large to ignore, we can use Newton's method to approximate the time when the object strikes the ground. The equation of motion and the value of g are given, so we can substitute those values into Newton's method to solve for the time when the object strikes the ground.
Upgrading a certain software package requires installation of 68 new files. Files are installed consecutively. The installation time is random, but on the average, it takes 15 sec to install one file, with a variance of 11 sec2. (a) What is the probability that the whole package is upgraded in less than 12 minutes?
(a) Probability of upgrading in less than 12 minutes is practically 0. (b) Approximately 66 new files are required for 95% completion in less than 10 minutes.
Part (a):
First, let's calculate the mean and standard deviation of the time it takes to install all 68 files.
Given:
Mean time to install one file: [tex]$\mu = 15 , \text{sec}$[/tex]
Variance: [tex]$\sigma^2 = 11 , \text{sec}^2$[/tex]
The total time T to install all 68 files is the sum of 68 random variables, each with mean [tex]\mu$ and variance $\sigma^2$[/tex]. Since each installation time is independent, the mean of the total time is the sum of the individual means, and the variance of the total time is the sum of the individual variances.
Mean of total time:
[tex]\mu_{\text {total }}=68 \times \mu=68 \times 15 \mathrm{sec}=1020 \mathrm{sec}[/tex]
Variance of total time:
[tex]\sigma_{\text {total }}^2=68 \times \sigma^2=68 \times 11 \mathrm{sec}^2=748 \mathrm{sec}^2[/tex]
Standard deviation of total time:
[tex]\sigma_{\text {total }}=\sqrt{\sigma_{\text {total }}^2}=\sqrt{748} \mathrm{sec} \approx 27.34 \mathrm{sec}[/tex]
Now, to find the probability that the whole package is upgraded in less than 12 minutes (720 seconds), we convert this time into seconds and then use the cumulative distribution function of the normal distribution.
[tex]Z=\frac{X-\mu_{\text {total }}}{\sigma_{\text {total }}}[/tex]
Where:
X=720 (time in seconds)
[tex]\mu_{\text {total }}[/tex] =1020 (mean time in seconds)
[tex]\sigma_{\text {total }}[/tex] = [tex]\sqrt{748[/tex] (standard deviation in seconds)
Substituting the values:
[tex]\begin{aligned}& Z=\frac{720-1020}{27.34} \\& Z \approx-7.316\end{aligned}[/tex]
Now, we look up this Z value in a standard normal distribution table or use software to find the corresponding probability. The probability we seek is P(Z<−7.316).
Using a calculator or statistical software, this probability is extremely close to 0 (practically 0). Hence, the probability that the whole package is upgraded in less than 12 minutes is very close to 0.
Part (b):
Given that 95% of the time upgrading takes less than 10 minutes (600 seconds), we can use the same approach as above to find the corresponding Z value.
[tex]\begin{aligned}&Z=\frac{600-1020}{27.34}\\&Z \approx-14.468\end{aligned}[/tex]
To find the corresponding percentile from the standard normal distribution, we look up Z = -14.468 and find the corresponding percentile, which should be close to 0.05.
Now, let's find the number of files N required to ensure that 95% of the time the upgrading takes less than 10 minutes. We want the probability of completing the installation in less than 10 minutes to be 0.95, which corresponds to the Z value of approximately -1.645 (from standard normal distribution tables).
[tex]Z=\frac{X-\mu_{\text {total }}}{\sigma_{\text {total }}}=-1.645[/tex]
Solving for X:
[tex]\begin{aligned}& -1.645=\frac{X-1020}{27.34} \\& X=-1.645 \times 27.34+1020 \\& X \approx 978.52\end{aligned}[/tex]
So, the total time to install N files is approximately 978.52 seconds. Since we know the mean time to install one file is 15 seconds, we can find N by:
[tex]\begin{aligned}& N=\frac{978.52}{15} \\& N \approx 65.235\end{aligned}[/tex]
So, to ensure that 95% of the time upgrading takes less than 10 minutes, we would need to install approximately 65 new files. Since we can't install a fraction of a file, we would round up to the nearest whole number, giving us N = 66.
Complete Question:
Upgrading a certain software package requires installation of 68 new files. Files are installed consecutively. The installation time is random, but on the average, it takes 15 sec to install one file, with a variance of 11 square sec.
(a) What is the probability that the whole package is upgraded in less than 12 minutes?
(b) A new version of the package is released. It requires only N new files to be installed, and it is promised that 95% of the time upgrading takes less than 10 minutes. Given this information, compute N.
A child pulls a sled through the snow on a level path with a force of 20 N exerted at an angle of pi/4 above the horizontal. Find the horizontal and vertical components of the force (expressed as vectors).
Answer:
[tex]10\sqrt 2 iN[/tex] and [tex]10\sqrt 2 jN[/tex]
Step-by-step explanation:
We are given that
Force =F=20 N
[tex]\theta=\frac{\pi}{4}[/tex]
We have to find the horizontal and vertical component of the force.
Horizontal component of the force =[tex]F_x=Fcos\theta i[/tex]
Horizontal component of the force=[tex]F_x=20cos\frac{\pi}{4}i=10\sqrt 2 iN[/tex]
Vertical component of the force,[tex]F_y=Fsin\theta j[/tex]
Vertical component of the force,[tex]F_y=20sin\frac{\pi}{4}j=10\sqrt 2 jN[/tex]
Force,[tex]F=F_x+F_y[/tex]
[tex]F=10\sqrt 2i N+10\sqrt 2j N[/tex]
- At a play, 211 quests are seated on the
main floor and 142 guests are seated in
the balcony. If tickets for the main floor
cost $7 and tickets for the balcony cost
$5, how much was earned in ticket sales?
Answer: $2187 was earned in ticket sales
Step-by-step explanation:
At the play, the total number of guests seated on the main floor is 211. If tickets for the main floor
cost $7, it means that the total cost of 211 ticket s is
211 × 7 = $1477
the total number of guests that were seated in the balcony is 142. If tickets for the main floor
cost $5, it means that the total cost of 142 tickets is
5 × 142 = $710
Therefore, the total amount of money earned in ticket sales is
1477 + 710 = $2187
The total amount earned in ticket sales is $2,187.
To determine the total amount earned in ticket sales at the play, we can use the following information:
- Number of guests on the main floor: 211
- Ticket price for the main floor: $7
- Number of guests in the balcony: 142
- Ticket price for the balcony: $5
We can calculate the earnings from each section separately and then sum them up.
Step-by-Step Calculation:
1. Calculate earnings from the main floor:
[tex]\[\text{Earnings from main floor} = \text{Number of main floor guests} \times \text{Ticket price for main floor}\][/tex]
[tex]\[\text{Earnings from main floor} = 211 \times 7 = 1477\][/tex]
2. Calculate earnings from the balcony:
[tex]\[\text{Earnings from balcony} = \text{Number of balcony guests} \times \text{Ticket price for balcony}\][/tex]
[tex]\[\text{Earnings from balcony} = 142 \times 5 = 710\][/tex]
3. Calculate total earnings:
[tex]\[\text{Total earnings} = \text{Earnings from main floor} + \text{Earnings from balcony}\][/tex]
[tex]\[\text{Total earnings} = 1477 + 710 = 2187\][/tex]
.Find the Z-sCore corresponding to the given value and use the z-SCore to determine whether the value is unusual. Consider a score to be unusual if its z-score is less than -2.00 or greater than 2.00. Round the z-score to the nearest tenth if necessary. A test score of 50.0 on a test having a mean of 69 and a standard deviation of 10.
a. 1.9; not unusual
b. -19; unusual
c. -1.9; unusual
d. -1.9; not unusual
Answer:
d. -1.9; not unusual
Step-by-step explanation:
In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the zscore of a measure X is given by:
[tex]Z = \frac{X - \mu}{\sigma}[/tex]
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.
In this problem, we have that;
[tex]X = 50, \mu = 69, \sigma = 10[/tex].
So
[tex]Z = \frac{X - \mu}{\sigma}[/tex]
[tex]Z = \frac{50 - 69}{10}[/tex]
[tex]Z = -1.9[/tex]
A z-score of -1.9 is higher than -2 and lower than 2, so it is not unusual.
So the correct answer is:
d. -1.9; not unusual
If you deposit $8,000 in a bank account that pays 10% interest annually, how much will be in your account after 5 years? Do not round intermediate calculations. Round your answer to the nearest cent.
Answer:
$12,884.08
Step-by-step explanation:
Assuming that interest is compounded annually, the future value of an invested amount 'P', at an interest rate 'r' for a period of 'n' years is given by the following equation:
[tex]FV = P*(1+r)^n[/tex]
Therefore, an investment of $8,000 at a rate of 10% per year for 5 years has a future value of:
[tex]FV = 8,000*(1+0.1)^5\\FV=\$12,884.08[/tex]
There will be $12,884.08 in the account after 5 years.
Answer:
Step-by-step explanation:
Assuming the interest was compounded annually, we would apply would apply the formula for determining compound interest which is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = 8000
r = 10% = 10/100 = 0.1
n = 1 because it was compounded ince in a year.
t = 5 years
Therefore,
A = 8000(1+0.1/1)^1 × 5
A = 8000(1.1)^5
A = $12884.1
A department store, on average, has daily sales of 28,651.79. the standard deviation pf sales is $1000. On Tuesday, the store sold $36,211.08 worth of goods. Find Tuesday's Z-score. Was Tuesday an unusually good day?
Answer:
Tuesday's Z-score is 7.56
Step-by-step explanation:
We are given that a department store, on average, has daily sales of 28,651.79 and the standard deviation of sales is $1000.
Also, it is given that on Tuesday, the store sold $36,211.08 worth of goods.
Let X = Daily sales of goods
So, X ~ N([tex]\mu = 28,651.79, \sigma^{2} =1000^{2}[/tex])
The z-score probability distribution is given by;
Z = [tex]\frac{X-\mu}{\sigma}[/tex] ~ standard normal N(0,1)
Now, Tuesday,s Z-score is given by;
Z = [tex]\frac{36,211.08-28,651.79}{1000}[/tex] = 7.56
Yes, Tuesday was an unusually good day as on this day more worth of sales takes place as compared to the average daily sales of $28,651.79 .
The amount of cream sauce on the fettuccine at Al Fred-O's follows a Normal distribution, with a mean of 3.78 ounces and a standard deviation of 0.14 ounce. A random sample of 12 plates of fettuccine is selected every day and the sauce is measured. What is the probability that the mean weight will exceed 3.81 ounces
Answer:
22.66% probability that the mean weight will exceed 3.81 ounces
Step-by-step explanation:
To solve this question, we have to understand the normal probability distribution and the central limit theorem.
Normal probability distribution:
Problems of normally distributed samples can be solved using the z-score formula.
In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the zscore of a measure X is given by:
[tex]Z = \frac{X - \mu}{\sigma}[/tex]
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 [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], a large sample size can be approximated to a normal distribution with mean [tex]\mu[/tex] and standard deviation [tex]s = \frac{\sigma}{\sqrt{n}}[/tex]
In this problem, we have that:
[tex]\mu = 3.78, \sigma = 0.14, n = 12, s = \frac{0.14}{\sqrt{12}} = 0.04[/tex]
What is the probability that the mean weight will exceed 3.81 ounces
This probability is 1 subtracted by the pvalue of Z when X = 3.81. So
[tex]Z = \frac{X - \mu}{\sigma}[/tex]
By the Central Limit Theorem
[tex]Z = \frac{X - \mu}{s}[/tex]
[tex]Z = \frac{3.81 - 3.78}{0.04}[/tex]
[tex]Z = 0.75[/tex]
[tex]Z = 0.75[/tex] has a pvalue of 0.7734
1 - 0.7734 = 0.2266
22.66% probability that the mean weight will exceed 3.81 ounces
Answer:
Correct answer is 0.2290
Step-by-step explanation:
What happens to the value of the expression \dfrac5x+5 x 5 +5start fraction, 5, divided by, x, end fraction, plus, 5 as xxx decreases from a large positive number to a small positive number?
Answer:
It increases
Step-by-step explanation:
(5/x) + 5
As x decreases, 5/x increases. So the expression increases.