This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: John is self employed and his monthly income varies. His monthly income is normally distributed with ... (Read 248 times)

aabwk4

  • Hero Member
  • *****
  • Posts: 593
on: Aug 2, 2018
John is self employed and his monthly income varies. His monthly income is normally distributed with a mean of 3900 and a standard deviation of 320.
 
  He is trying to determine the amount B that he can budget for his total monthly expenses. He needs to be pretty certain that his mean monthly income will be greater than B. What amount should he budget if he wants only a 0.05 chance that his mean monthly income for the next year is less than B?
  A) 3582 B) 3748 C) 4052 D) 3719

Question 2

A university obtains the student ID numbers of all 23,456 students, the interview subjects were selected by using a computer to randomly generate student ID numbers and contacting those chosen.
 
  A) No B) Yes


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sierramartinez

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Aug 2, 2018
Answer to Question 1

B

Answer to Question 2

B


aabwk4

  • Hero Member
  • *****
  • Posts: 593
Reply #2 on: Aug 2, 2018
Thank you!


sierramartinez

  • Sr. Member
  • ****
  • Posts: 313
Reply #3 on: Aug 2, 2018
Always glad to help...


« previous next »
 

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Sceloporus undulates, the eastern fence lizard, is one of the most widely distributed lizard species Sceloporus undulates, the eastern fence lizard, is one of the most widely distributed lizard species
The Head Start program was designed to increase the school readiness of low-income children. The Head Start program was designed to increase the school readiness of low-income children.
John Muir (right) with President Roosevelt at Yosemite National Park John Muir (right) with President Roosevelt at Yosemite National Park
Determination of Income Inequality Determination of Income Inequality
Income per Capita versus Total Fertility Rate Income per Capita versus Total Fertility Rate
Mean Monthly Temperatures for Two Locations in Canada Mean Monthly Temperatures for Two Locations in Canada
Video: Glucose anabolism reactions: Glycogenolysis and Gluconeogenesis

For a complete list of videos, visit our video library