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 266 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?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Child development varies and is hard to predict Child development varies and is hard to predict
The Hanuman langur, a widely distributed Asian colobine. The Hanuman langur, a widely distributed Asian colobine.
In American Progress (1872), John Gast depicts a feminized (and eroticized) America moving westward, In American Progress (1872), John Gast depicts a feminized (and eroticized) America moving westward,
This slave burial service, painted by John Antrobus in 1860, reflects an inversion of power relation This slave burial service, painted by John Antrobus in 1860, reflects an inversion of power relation
Mark Twain supplemented his income as a writer by giving humorous lectures. Mark Twain supplemented his income as a writer by giving humorous lectures.
Construct a Lorenz curve that shows income distribution in this society. Construct a Lorenz curve that shows income distribution in this society.
Video: The primary factors that affect circulation - MABP, CO and SVR

For a complete list of videos, visit our video library