The average annual amount American households spend for daily transportation is $6312 (Money, August 2001). Assume that the amount spent is normally distributed.a. Suppose you learn that 5% of American households spend less than $1000 for dailytransportation. What is the standard deviation of the amount spent?b. What is the probability that a household spends between $4000 and $6000?c. What is the range of spending for the 3% of households with the highest daily transportationcost?

Answers

Answer 1

Answer:

(a) The standard deviation of the amount spent is $3229.18.

(b) The probability that a household spends between $4000 and $6000 is 0.2283.

(c) The range of spending for 3% of households with the highest daily transportation cost is $12382.86 or more.

Step-by-step explanation:

We are given that the average annual amount American households spend on daily transportation is $6312 (Money, August 2001). Assume that the amount spent is normally distributed.

(a) It is stated that 5% of American households spend less than $1000 for daily transportation.

Let X = the amount spent on daily transportation

The z-score probability distribution for the normal distribution is given by;

                          Z  =  [tex]\frac{X-\mu}{\sigma}[/tex]  ~ N(0,1)

where, [tex]\mu[/tex] = average annual amount American households spend on daily transportation = $6,312

           [tex]\sigma[/tex] = standard deviation

Now, 5% of American households spend less than $1000 on daily transportation means that;

                      P(X < $1,000) = 0.05

                      P( [tex]\frac{X-\mu}{\sigma}[/tex] < [tex]\frac{\$1000-\$6312}{\sigma}[/tex] ) = 0.05

                      P(Z < [tex]\frac{\$1000-\$6312}{\sigma}[/tex] ) = 0.05

In the z-table, the critical value of z which represents the area of below 5% is given as -1.645, this means;

                           [tex]\frac{\$1000-\$6312}{\sigma}=-1.645[/tex]                

                            [tex]\sigma=\frac{-\$5312}{-1.645}[/tex]  = 3229.18

So, the standard deviation of the amount spent is $3229.18.

(b) The probability that a household spends between $4000 and $6000 is given by = P($4000 < X < $6000)

      P($4000 < X < $6000) = P(X < $6000) - P(X [tex]\leq[/tex] $4000)

 P(X < $6000) = P( [tex]\frac{X-\mu}{\sigma}[/tex] < [tex]\frac{\$6000-\$6312}{\$3229.18}[/tex] ) = P(Z < -0.09) = 1 - P(Z [tex]\leq[/tex] 0.09)

                                                            = 1 - 0.5359 = 0.4641

 P(X [tex]\leq[/tex] $4000) = P( [tex]\frac{X-\mu}{\sigma}[/tex] [tex]\leq[/tex] [tex]\frac{\$4000-\$6312}{\$3229.18}[/tex] ) = P(Z [tex]\leq[/tex] -0.72) = 1 - P(Z < 0.72)

                                                            = 1 - 0.7642 = 0.2358  

Therefore, P($4000 < X < $6000) = 0.4641 - 0.2358 = 0.2283.

(c) The range of spending for 3% of households with the highest daily transportation cost is given by;

                    P(X > x) = 0.03   {where x is the required range}

                    P( [tex]\frac{X-\mu}{\sigma}[/tex] > [tex]\frac{x-\$6312}{3229.18}[/tex] ) = 0.03

                    P(Z > [tex]\frac{x-\$6312}{3229.18}[/tex] ) = 0.03

In the z-table, the critical value of z which represents the area of top 3% is given as 1.88, this means;

                           [tex]\frac{x-\$6312}{3229.18}=1.88[/tex]                

                         [tex]{x-\$6312}=1.88\times 3229.18[/tex]  

                          x = $6312 + 6070.86 = $12382.86

So, the range of spending for 3% of households with the highest daily transportation cost is $12382.86 or more.


Related Questions

Bias can _____ be completely eliminated. a) always b)sometimes c) never

Answers

Answer:

the answer is c.

Step-by-step explanation:

c is the only reasonable option.

Samira and Sonia each have a bag containing 20 sweets. In each bag, there are 5 red, 6 green and 9 yellow sweets.
(a)
(b)
Samira chooses one sweet at random from her bag.
Write down the probability that she chooses a yellow sweet.
[1] Sonia chooses two sweets at random, without replacement, from her bag.
(i) Show that the probability that she chooses two green sweets is 3 . 38
(ii) Calculate the probability that the sweets she chooses are not both the same colour.

Answers

Step-by-step explanation:

there must be some typos here. but I try to address the right issues.

there is nothing under (a). so, really nothing to answer.

(b)

there are 20 sweets in her bag. 9 if the 20 are yellow.

so, the probability is the ratio of desired possibilities vs. total possibilities.

that is, tada! 9/20

that is the probabilty for Samira to pick a yellow sweet.

[1] (i)

again, 20 sweets to start with.

6 are green.

when she picks the first one, her probability to pick a green one is 6/20 = 3/10 = 0.3

and now, under the assumption that this came true, she picks another sweet.

this time she had only 19 left, and 5 of them are green.

so, this probabilty is 5/19

now both events need to happen for the case we are discussing. there is no overlapping, no ors, ifs and buts. it is just the product of both probabilities.

3/10 × 5/19 = 15/190 = 3/38

I think that is what the description asks for.

(ii)

that probability is

first selection is red and second is not red +

first selection is green and second is not green +

first selection is yellow and second is not yellow

so,

red and not red

5/20 = 1/4 red

15/19 not red (there are still 15 sweets of other colors in the bag, but again now only 19 total).

red and not red = 1/4 × 15/19 = 15/76 = 0.1974

green and not green

6/20 = 3/10 = green

14/19 = not green

green and not green = 3/10 × 14/19 = 52/190 = 26/95 =

= 0.2737

yellow and not yellow

9/20 = yellow

11/19 = not yellow

yellow and not yellow = 9/20 × 11/19 = 99/380 = 0.2606

so, now assuming up all 3 possibilities ("or" = sum) gives us the general possibility of selecting two different colors

= 0.7316

please help, not so good with this subject

Answers

Answer:

I believe the answer is d

Step-by-step explanation:

A rational number is a number that can be written as a ratio. That means it can be written as a fraction, in which both the numerator (the number on top) and the denominator (the number on the bottom) are whole numbers.

In this case, since [tex]\sqrt{81}[/tex] can be simplified to 9 and 9 can be written as a fraction (9/1) it is a rational number.

Please help this is really important

Answers

If the area is 81 the side length must be 9 feet
Using Pythagoras x^2 = 9^2 + 9^2 = 81 + 81 = 162
x = sr(162) = 12.73 feet

Can someone tell me if this is correct?

Answers

Answer:

yes it is correct it is not the first one

because the lines are not the same size and are in the right direction

y = 3.2
Solve the following system of equations by substitution.
3x
-9x + 3y = 1

Answers

3x-9x+3(3.2)=1

3x-9x+9.6=1
-9.6. -9.6
-6x=-8.6
X=-8.6/-6=1.433333333

[tex]\huge\text{Hey there!}[/tex]

[tex]\huge\text{3x - 9x + 3y = 1}\\\huge\text{\boxed{\rightarrow} -6x + 3y = 1}\\\huge\text{\boxed{\rightarrow} -6x + 3(3.2) = 1}\\\huge\text{\boxed{\rightarrow} -6x + 9.6 = 1}[/tex]

[tex]\huge\textsf{SUBTRACT \underline{\underline{9.6}} to BOTH SIDES}\\\huge\text{-6x + 9.6 - 9.6 = 1 - 96}\\\\\\\huge\textsf{DIVIDE \underline{\underline{-6}} to BOTH SIDES}\\\\\huge\boxed{\dfrac{-6\mathsf{x}}{-6}= \dfrac{-8.6}{-6}}[/tex]

[tex]\huge\textsf{SIMPLIFY ABOVE \& YOU HAVE YOUR}\\\huge\textsf{RESULT OF THE X-VALUE}\\\\\\\boxed{\huge\boxed{\huge\textsf{x = \bf 1.433333 or } \mathsf{x = \bf \dfrac{8.6}{6}}}}\huge\checkmark[/tex]

[tex]\huge\text{Good luck on your assignment \& enjoy your day!}\\\\\\\\\boxed{\huge\boxed{\frak{Amphitrite1040:)}}}[/tex]

There are 50 teenagers at a swim meet. The ratio of locals to out-of-town

participants is 2:3. How many teenagers travelled from out-of-town to the swim

meet?

Answers

Answer:

There are 30 out of towners

Step-by-step explanation:

locals: out of town: total

2            3                     2+3 = 5

There are 50 total 50/5 =10 so multiply each term by 10

locals: out of town: total

2*10        3 *10              5*10

20                 30             50

There are 30 out of towners

Total teenagers = 50

Ratio = 2:3

Let the ratio people out of town be x

2x + 3x = 50

5x = 50

x = 10

Therefore 3× 10, 30 people out of town travelled to swim meet

Must click thanks and mark brainliest

plz help!! will mark brainliest!!

Answers

Answer:

correct me if I'm but i think the net cash flow is 3,790 because 2,040 a month income and 1,750 a month for other stuff. 2,040+1,750=3,790

Step-by-step explanation:

2p+8p>-20 help please ☺️​

Answers

Answer:

p > -2

Step-by-step explanation:

2p + 8p > -20

10p > -20

10/10p > -20/10

p > -2

p is greater than -2

answer all three please​

Answers

Answer:

Triangular prism

Volume = 100cm³

Rectangular prism

Volume = 480³

Total volume of Composite Figure 580cm³

Step-by-step explanation:

Erica can run 1 / 6 fraction of a kilometer in a minute. Her school is 3 / 4 of a kilometer away from her home. At this speed, how long would it take Erica to run home from school? answer quick plz

Answers

Answer:

the result is 4.5 minutes.

- Erica runs 1/6 km in a minute.

- The school is 3/1 km away from her home.

Step-by-step explanation:

Suppose 100 users of a social networking site are chosen for a sample, but
only 25 respond. What is this an example of?

A. Response bias
B. Nonselection bias
O C. Selection bias
D. Nonresponse bias

Answers

Answer:

i think its d

Step-by-step explanation:

Answer: C

Step-by-step explanation:

What do you think happens to the graph
of f(x) = x2 if we multiply it by 3? Make a
guess. It undergoes a ...
I
A. Vertical Stretch
B. Vertical Shrink

Answers

Answer:

b. vertical shrink

Step-by-step explanation:

hat is the solution of the system of equations?


y = 3x – 4
−3y = −9x + 12

Answers

-3y = -9x + 12 (divide both sides by -3)
y = 3x - 4

This means that the two equations are the same, meaning there are infinite solutions.

6 + x is an example of _____.

a formula
an expression
a constant
a variable

Answers

Answer:

An expression

Step-by-step explanation:

The constant in this case would be 6 because it never changes.

The variable would be x because the value of x can change.

A formula is a mathematical rule, which 6 +x is not.

Therefore, 6+x is an expression.

Samuel has $20 in his savings account before he makes a deposit of $160 after two weeks he withdraws $160 how did Samuel savings account balance change

Answers

Samuel’s saving account changed from 20 to 180 to back to 20

Rank the total mass of each stack

Answers

Answer:

Stack A (12M) > Stack D (9M) > Stack E (8M) > Stack B (6M) and Stack C (6M)

Step-by-step explanation:

Stack A has [tex] 6M + 2M + 4M = 12M [/tex]

Stack B has [tex] 2M + 2M + 2M = 6M [/tex]

Stack C has [tex] M + 5M = 6M [/tex]

Stack D has [tex] M + 3M + 5M = 9M [/tex]

Stack E has [tex] 5M + 3M = 8M [/tex]

The total mass of each stack from the highest to the least can be ranked as follows:

Stack A (12M) > Stack D (9M) > Stack E (8M) > Stack B (6M) and Stack C (6M)

Which of the following choices is a linear function?
O f(x) = x2 – 3x+ 2
O f(x) = 3x3 – 3x + 2
O f(x) = -3x + 2

Answers

Answer:

f (x) = x2 - 3x + 2

Step-by-step explanation:

Answer:

f(x)=-3x+2

Step-by-step explanation:

The first one is a quadtratic function because it is in quadtratic form.

The second one is also not linear because it looks like a squiggly line. Sorry I forgot what they are called but I know it is not linear.

That leaves the last one is is linear and should be going down because there is a negative in front of the coefficient. It also has so exponent to prove why it is linear even further.

Hope this helps!

Which table represents a function?

Answers

Answer:

The last one

Step-by-step explanation:

All the other tables have repeating x values

I hope this helps!

pls ❤ and give brainliest pls

Flying against the wind, a jet travels 1650 miles in 3 hours. Flying with the wind, the same jet travels 3480 miles in 4 hours. What is the rate of the jet in still air and what is the rate of the wind?

Answers

Step-by-step explanation:

Let the rate of the plane be x

The rate of the wind be y

Against the wind

Resultant velocity = x-y

1650/3 = x - y

550 = x - y

With the wind

Resultant velocity = x + y

3480/4 = x + y

870 = x + y

Solve equation simultaneously

Add both equations

870+550 = x+y+x-y

1420 = 2x

x = 710

x + y = 870

y=870 - 710

y = 160

The rate of jet in still air = 710 mph

The rate of wind = 160 mph

HOPE IT HELPS!

PRETTY PLEASE MARK ME BRAINLIEST :-)

The phone company offers to long-distance plans the first charges a flat value of five dollars per month plus $.99 each minute used and the second charge is $10 a month plus $.79 for each minute used if X represents the number of minutes use each month which system each of equations represent the amount of money why are you spin

Answers

Answer:

The systems of equation for the amount spent are as follows

[tex]Y= 0.99x+5[/tex]

[tex]Y= 0.79x+10[/tex]

Step-by-step explanation:

In this problem we are expect to give a model or an equation that represents the amount of money spent per month given a fix subscription amount and a variable fee which is based on extra minutes spent.

let Y represent the amount of money spent in total for the month

The first case:

Subscription =$5

charges per minutes = $0.99

therefore the amount spent can be modeled as

[tex]Y= 0.99x+5[/tex]

The second case:

Subscription =$10

charges per minutes = $0.79

therefore the amount spent can be modeled as

[tex]Y= 0.79x+10[/tex]

Find the slope and the y-intercept of the graph of the linear equation.
y=-7x+2
A) slope: - 1 y-intercept: 2
B) slope: 2; y-intercept: -7
C) slope: -7; y-intercept: 2
D) slope: 2; y-intercept: -7

Answers

Answer:

c) Slope;-7;y-intercept:2

Step-by-step explanation:

I am thinking of 3 consecutive numbers. The first is a multiple of 4, the second is a multiple of 5 and the third is a multiple of 6." What could the numbers be? Can you find 3 possible sets of numbers

Answers

Answer:

{4, 5, 6}, {64, 65, 66}, {124, 125, 126}

Step-by-step explanation:

x = 1st number

x + 1 = 2nd number

x + 2 = 3rd number

{4, 5, 6}, {64, 65, 66}, {124, 125, 126}

The possible set of numbers are {4,5,6}, {64,65,66} and {124,125,126}

What are consecutive number?

Consecutive numbers are the numbers which follow each other in order from small to greater number.

Let three consecutive numbers are, x ,x+1 and x+2.

According to given condition,

The first number is a multiple of 4,

The second number is a multiple of 5,

And The second number is a multiple of 6.

Start from 4 and then try to find out sequence,

The numbers can be 4, 5 and 6.

Further, the number can be 64,65 and66

And The numbers can be 124,125 and 126

So, three sets of numbers are {4,5,6}, {64,65,66} and {124,125,126}

To know more about Consecutive number on:

https://brainly.com/question/2493629

#SPJ5

What is the slope of the line below?
y=2/3 X - 3

Answers

Answer:

2/3

Step-by-step explanation:

Hey there!

Well in the equation,

y = 2/3x - 3

the slope is 2/3 because the equation shows 2/3x and wherever the x is in slope intercept that the slope.

Hope this helps :)

During a catered lunch =, an average of 4 cups of tea are poured per minute. The lunch will last 2 hours. How many gallons of tea should the caterer bring if there are 16 cups in one gallon?

Answers

Answer:

30 gallons of tea

Step-by-step explanation:

We are looking at the average of cups of tea per minute but we are given the time frame of lunch in hours, so first, we have to convert the hours to minutes:

There are 60 minutes in 1 hour and lunch is 2 hours long.  So, multiply 60 by 2 to get 120 minutes total.

Next, we have to find out the number of cups of tea poured during the lunch.  We have been told already that an average of 4 cups of tea are poured a minute.

Therefore, multiply 4 by the total number of minutes for lunch.  You will multiply 4 by 20 to get 480 cups of tea poured in total during the catered lunch.

Finally, we have to see how many gallons of tea the caterer should bring.  We should know that there are 16 cups in one gallon.

That means we have to divide the total number of cups poured by 16.  Divide 480 by 16 to get 30 gallons of tea that the caterer should bring.

Please answer this question now

Answers

Answer:

298.3 square centimeters

Step-by-step explanation:

We are given

Slant height (l)= 14cm

Radius (r)= 5cm

Since we are given the slant height ,

the formula for surface area of a cone =

πrl + πr²

πr(l + r)

π = 3.14

Hence,

3.14 × 5(14 + 5)

3.14 × 5(19)

= 298.3 square centimeters

If the function 5x + y = 1 has the domain {-2, 1, 6}, then what is the corresponding range?

Answers

Answer:

{ 11, -4, -29}

Step-by-step explanation:

5(-2) + y = 1

-10 + y = 1

y = 11

5(1) + y = 1

y = -4

5(6) + y = 1

30 + y = 1

y = -29

Answer:

The Range is the set: { -29, -4, 11 }

Step-by-step explanation:

You need to apply the given function to the x-values of the Domain, to find what values of the Range they are associated with. So let's start by isolating y on one side of the expression:

y = 1 - 5 x

Now let's find what values they result when x = -2, 1, and 6:

y = 1 - 5 (-2) = 1 + 10 = 11

y = 1 - 5 (1) = 1 - 5 = -4

y = 1 - 5 (6) = 1 - 30 = -29

Therefore the Range is the set: { -29, -4, 11 }

Please help explanation if possible

Answers

Step-by-step explanation:

if we multiply gradient of the perpendicular line we are suppose to get -1the gradient of y=-x-2 is -1(gradient is the coefficient of x)therefore the gradient of other line is 1y =mx+c10=-5 +cc=15therefor the equation of the line is y=x+15

1. What will be the sale price of the tennis racquet once the discount has been applied?

2. What is 25% of $12?

3. Which answer shows the discounted sale price for this tablet?

Answers

Answer:

150 is the answer of your question. I HOPE IT WILL HELP YOU.

Answer:

1) $150

2) $3

3) $150

Step-by-step explanation:

1) 25% times $200=$150

2) 25% times $12= $3

3) Half of $300 is $150, which 50% off is half off.

What is the reason: if a+c=b+c then a=b

Answers

Step-by-step explanation:

Example 1:

a+c=b+c then a=b

First let the value of a and b be different (not equal)

a=5

b=7

c=10

a+c=b+c

5+10=7+10

15≠17

Example 2:

Let the value a and b be equal (the same)

a=5

b=5

c=10

a+c=b+c

5+10=5+10

15=15

So when,

a+c and b+c is equal, a and b are always equal.

Hope this helps ;) ❤❤❤

Answer:

a=b

Step-by-step explanation:

Reason:

a+c=b+c

a-b=c-c

c-c would be 0

if a-b=c-c=0

a-b=0

Only if a=b can a-b=0

You can also take it as:

b-a=c-c (a+c=b+c)

b-a=0=c-c

Therefore b=a

By the way even I am a BTS army

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