Suppose 35.45% of small businesses experience cash flow problems in their first 5 years. A consultant takes a random sample of 530 businesses that have been opened for 5 years or less. What is the probability that between 34.2% and 39.03% of the businesses have experienced cash flow problems?
1) 0.6838
2) 20.3738
3) 0.3162
4) - 11.6695
5) 1.2313

Answers

Answer 1

Answer:

1) 0.6838

Step-by-step explanation:

To solve this question, we need to understand the normal probability distribution and the central limit theorem.

Normal Probability Distribution

Problems of normal distributions can be solved using the z-score formula.

In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the z-score 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 p-value, we get the probability that the value of the measure is greater than X.

Central Limit Theorem

The Central Limit Theorem establishes that, for a normally distributed random variable X, with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean [tex]\mu[/tex] and standard deviation [tex]s = \frac{\sigma}{\sqrt{n}}[/tex].

For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.

For a proportion p in a sample of size n, the sampling distribution of the sample proportion will be approximately normal with mean [tex]\mu = p[/tex] and standard deviation [tex]s = \sqrt{\frac{p(1-p)}{n}}[/tex]

35.45% of small businesses experience cash flow problems in their first 5 years.

This means that [tex]p = 0.3545[/tex]

Sample of 530 businesses

This means that [tex]n = 530[/tex]

Mean and standard deviation:

[tex]\mu = p = 0.3545[/tex]

[tex]s = \sqrt{\frac{p(1-p)}{n}} = \sqrt{\frac{0.3545(1-0.3545)}{530}} = 0.0208[/tex]

What is the probability that between 34.2% and 39.03% of the businesses have experienced cash flow problems?

This is the p-value of Z when X = 0.3903 subtracted by the p-value of Z when X = 0.342.

X = 0.3903

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

By the Central Limit Theorem

[tex]Z = \frac{X - \mu}{s}[/tex]

[tex]Z = \frac{0.3903 - 0.3545}{0.0208}[/tex]

[tex]Z = 1.72[/tex]

[tex]Z = 1.72[/tex] has a p-value of 0.9573

X = 0.342

[tex]Z = \frac{X - \mu}{s}[/tex]

[tex]Z = \frac{0.342 - 0.3545}{0.0208}[/tex]

[tex]Z = -0.6[/tex]

[tex]Z = -0.6[/tex] has a p-value of 0.27425

0.9573 - 0.2743 = 0.683

With a little bit of rounding, 0.6838, so option 1) is the answer.


Related Questions

What is the volume of the composite figure if both the height and the diameter of the cylinder are 3.5 feet? Give the exact answer and approximate to two decimal places.

Answers

Answer:

Volume of composite figure = 44.9 feet³

Step-by-step explanation:

Given:

Height of cylinder = 3.5 feet

Diameter of cylinder = 3.5 feet

Diameter of hemisphere = 3.5 feet

Find:

Volume of composite figure

Computation:

Radius of cylinder and sphere = 3.5/2 = 1.75 feet

Volume of composite figure = Volume of cylinder + Volume of hemisphere

Volume of composite figure = πr²h + (2/3)πr³

Volume of composite figure = (3.14)(1.75)²(3.5) + (2/3)(3.14)(1.75)³

Volume of composite figure = (3.14)(3.0625)(3.5) + (2/3)(3.14)(5.359375)

Volume of composite figure = 33.656875 + 11.2189583

Volume of composite figure = 44.8758

Volume of composite figure = 44.9 feet³

If 3 3/4m of cloth was used for one suit, how many suits can be made with 30m cloth​

Answers

Answer:

8 suits

Step-by-step explanation:

Divide 30 m by 3 [tex]\frac{3}{4}[/tex] m , or 30 ÷ 3.75 , then

30 ÷ 3.75 = 8

Then 8 suits can be made from 30 m of cloth

A strawberry farmer in Poteet knows that 1/8 of his strawberries are typically not fit to sell at the market (either because they went bad or are too unusually shaped). The farmer takes a random sample of 156 strawberries to inspect for the upcoming farmer's market and finds that 24 are unfit to sell. If he were to go back and pick 1000 more strawberries to inspect for the market, how would the standard deviation of the sample proportion be affected

Answers

Answer:

It would be smaller.

Step-by-step explanation:

Given that :

The number of the strawberries that are unfit for sell, x = 24

The total number of the strawberries to inspect, n = 156

Total number of the strawberries to be picked = 1000 strawberries

Therefore,

[tex]$\widehat p =\frac{x}{n}$[/tex]

  [tex]$=\frac{24}{156}$[/tex]

  = 0.1538

[tex]$\widehat p =\frac{x}{n}$[/tex]

  [tex]$=\frac{24}{1000}$[/tex]

  = 0.024

Therefore, the standard deviation of the sample proportion would be smaller.

lenguaje coloquial de x-y

Answers

Answer:

Uhh what??

Step-by-step explanation:

I dont understand you ●___●

it is estimated that 50% of emails are spam emails. Some software has been applied to filter these spam emails before they reach your inbox. A certain brand of software claims that it can detect 99% of spam emails and the probability for a flase positive is 5%. What is the probability that an email is detected as spam

Answers

Answer:

0.52 = 52% probability that an email is detected as spam.

Step-by-step explanation:

Probability that an email is detected as spam:

99% of 50%(are spam).

5% of 100 - 50 = 50%(false positives, that is, e-mails that are not spam but are detected as spams).

What is the probability that an email is detected as spam?

[tex]p = 0.99*0.5 + 0.05*0.5 = 0.52[/tex]

0.52 = 52% probability that an email is detected as spam.

I will assign a question at around 9:00 today (July 3, 2021) for a huge amount of points. I won’t say where on Brainly. Good luck.

Answers

Answer:

ಠ_ಠ

Step-by-step explanation:

How many fixed-requirement constraints does a transportation problem with 5 factories and 6 customers have?a. 30.b. 11.c. 6.d. 5.

Answers

Answer:

Option B

Step-by-step explanation:

From the question we are told that:

Demand point [tex]m=5[/tex]

Supply Point [tex]n=6[/tex]

Generally the equation for fixed-requirement constraints is mathematically given by

 [tex]X=m+n[/tex]

 [tex]X=5+6[/tex]

 [tex]X=11[/tex]

Therefore the correct option is

Option B

Deon bought a desk on sale for $105.60. This price is 67% less than the original price. What was the original price?

Answers

Answer:

.33x = 105.60

$371

Step-by-step explanation:

Answer:

63.44

Step-by-step explanation:

its 63.44697 but you round so its 63.44

The life of light bulbs is distributed normally. The standard deviation of the lifetime is 15 hours and the mean lifetime of a bulb is 520 hours. Find the probability of a bulb lasting for at most 528 hours. Round your answer to four decimal places.

Answers

Answer:

0.7031 = 70.31% probability of a bulb lasting for at most 528 hours.

Step-by-step explanation:

Normal Probability Distribution

Problems of normal distributions can be solved using the z-score formula.

In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the z-score 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 p-value, we get the probability that the value of the measure is greater than X.

The standard deviation of the lifetime is 15 hours and the mean lifetime of a bulb is 520 hours.

This means that [tex]\sigma = 15, \mu = 520[/tex]

Find the probability of a bulb lasting for at most 528 hours.

This is the p-value of Z when X = 528. So

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]Z = \frac{528 - 520}{15}[/tex]

[tex]Z = 0.533[/tex]

[tex]Z = 0.533[/tex] has a p-value of 0.7031

0.7031 = 70.31% probability of a bulb lasting for at most 528 hours.

Suppose Z has a normal distribution with a mean of 10.0 and a standard deviation of 5.0 what is the P(2.0

Answers

Answer:

.0548

Step-by-step explanation:

(2-10)/5= -1.6

go to a ztable and get .0548

Describe how the graph of y = |x - 2| - 5 is a transformation of the graph of y = |x|. Use terms such as "shifted", "reflected", "stretched", or "compressed".

Answers

Answer:

The original graph was shifted 2 units to the left and 5 units down.

Step-by-step explanation:

y = |x|

From this, we go to: y = |x - 2|.

When we want to shift a function f(x) a units to the left, we find f(x - a). So first, the graph was shifted 2 units to the left.

y = |x - 2|.

From this, we go to: y = |x - 2| - 5.

Shifting a function f(x) down b units is the same as finding f(x) - b, so the second transformation was shifting the graph 5 units down.

Exercise 2.2.3: The cardinality of a power set. (a) What is the cardinality of P({1, 2, 3, 4, 5, 6})

Answers

Answer:

Cardinality of the power set of the given set = [tex]2^6=64[/tex]

Step-by-step explanation:

Power set is the set of all the possible subsets that can be formed from the given set including the null set and the set itself.

Example set:

{1,2,3}

All the possible subsets of this set:

{}; {1}; {2}; {3}; {1,2,3}; {1,2}; {1,3}; {2,3}

The power set of the above set is written as:

P({ {}, {1}, {2}, {3}, {1,2}, {1,3}, {2,3}, {1,2,3} })

Since the no. of elements in the above power set in this example is 8 therefore its cardinality is 8.

Cardinality of the power set of a given set is expressed by a formula: [tex]2^n[/tex]

where n is the cardinality (no. of elements) of the given set whose power set is to be formed for determining cardinality of the power set.

Hence in the given case, we have  n = 6.

For each of the following variables, identify the type of variable (categorical vs. numeric). (1) Temperature (in Fahrenheit) of an office building (11) Traffic congestion (e.g. light, medium, heavy)
1) (1) Numeric, and (II) Categorical
2) (1) Numeric, and (II) Numeric
3) (1) Categorical, and (II) Numeric
4) There is no correct match.
5) (1) Categorical, and (11) Categorical

Answers

Answer:

(a) Temperature: Numerical

(b) Traffic congestion: Categorical

Step-by-step explanation:

Required

Determine the variable type

(a) Temperature

Temperatures are measured in numeric values e.g. 22 degree Fahrenheit, etc.

Hence, the variable is numerical

(b) Traffic congestion

From the question, we understand that the traffic congestion are divided into three categories i.e. light, medium....

Hence, the variable is categorical

The function ()=5^3+3x−6 has inverse function . Find ′(138).

Answers

9514 1404 393

Answer:

  f⁻¹(138) = 3

Step-by-step explanation:

You want to find the value of x that makes the function have a value of 138:

  f(x) = 5x^3 +3x -6

  138 = 5x^3 +3x -6

  0 = 5x^3 +3x -144

Descartes's rule of signs tells us this has one positive real solution. The rational root theorem gives us 30 possibilities. Rewriting the equation as ...

  x^3 = (144 -3x)/5 = 28.8 -0.6x

suggests that the value of x is less than ∛28.8 ≈ 3.065. Trying x=3, we find that to be a solution.

  (5x² +3)(x) -6 = 0 . . . . rewrite of the above equation

  (5·3² +3)·3 -144 = (48)(3) -144 = 0 . . . . true

Then ...

  f⁻¹(138) = 3

_____

The answer is found easily using a graphing calculator. The solution is the x-intercept of 138 -f(x) = 0.

The triangles are similar by??

Answers

the SAS similarity theorem

How long will it take 500 dollars to double if it is invested at 7% interest compounded semi-annually

Answers

Answer:

11 half years

Step-by-step explanation:

The formula for compound interest is

A = P(1+r/n)^(nt), with r representing the interest rate, n being the number of times interest is applied over the time period, and t being the amount of time periods.

If we make the time period a half year (so interest is compounded once per time period), n=2. Then, our interest rate is 7%, or 0.07 (to convert from percent to decimal, simply divide by 100). Our starting amount is 500, and we want it to double, making it 1000. Our formula is thus

1000 = 500 (1+0.07)^(t)

divide both sides by 500

2 = (1+0.07)^(t)

2 = (1.07)^(t)

Using logarithms, we can say that

[tex]log_{1.07} 2 = t[/tex]

and using a calculator, we get

10.24 = t

Since interest is only compounded once per time period, though, we have to round up to make sure it doubles, so t = 11

Would you rather?
buy 2 lollypops for $2
buy 30 lollypops for $40

Answers

buy 2 lollipops for 2 dollars

Answer:

Buy 2 lollipops for $2.

Step-by-step explanation:

If you divide the total price by total items purchased, you get the price per unit. 2/2=1 or around $1, while 40/30=4/3 or around $1.3. You are paying 1$ per lollipop for the 2 lollipop choice and paying 1.3 dollars per lollipop for the 30 lollipop choice.

Find the value of x in the kite below.
60°
O
x = [?]

Answers

Answer:

30

Step-by-step explanation:

The given is right triangle with angle measure 90-60 and 30 degrees as we can see on the image.

Solve y = -7(-13)

I'm giving 30 points!

Answers

y = -7(-13)

=> y = -7 × (-13)

= y = 91

(x+2)(x+3)(x+4)(x+5)-48

Answers

x^4+14x^3+71x^2+154x+72

Hello, please help me!!​

Answers

Answer:

0.14

Step-by-step explanation:

P(A|B) asks for the probability of A, given that B has happened. This is equal to the probability of A and B over the probability of B (see picture)

Here, the question is asking if someone is taking the bus given that they are a senior.

The probability of someone being a senior and taking the bus is 5/100, or 0.05 . The probability of someone being a senior is 35/100, or 0.35

Our answer is then 0.05/0.35 = 1/7 = 0.14

change the following basis to Base 10 134 in base seven​

Answers

Answer:

74 base 10.

Step-by-step explanation:

134 base 7 = 7^2 + 3*7 + 4

= 49 + 21 + 4

= 74 base 10

what is the LCM of 2 Express on if there is no common factor​

Answers

Answer:

I started by dividing 2940 by the smallest prime that would fit into it, being 2. This left me with another even number, 1470, so I divided by 2 again. The result, 735, is divisible by 5, but 3 divides in also, and it's smaller, so I divided by 3 to get 245. This is not divisible by 3 but is divisible by 5, so I divided by 5 and got 49, which is divisible by 7.

Math help please ………….

Answers

Answer:

if the terms are approaching zero then it is convergent.

Therefore the stated series is convergent

Step-by-step explanation:

238.64 yards.what is the diameter of the field?use 3.14 for pie and do not round your answer

Answers

Answer:

It should be 8.6 yards, as 238.64÷3.14 = 74.

√74 = 8.60, or 8.6 :)

which statements are true for the functions g(x)=x^2 and h(x)=-x^2? Check all that apply

Answers

Answer:

if x=0 then they have same value

1 and 2 options are out

for x=-1

g(-1)=1

h(-1)=-1

3 is true

4th

FALSE

for all values except 0, g(x)>h(x)

correct ones are

g(x) > h(x) for x = -1.

For positive values of x, g(x) > h(x).

For negative values of x, g(x) > h(x).

Step-by-step explanation:

Suppose the sales (1000s of $) of a fast food restaurant are a linear function of the number of competing outlets within a 5 mile radius and the population (1000s of people) within a 1 mile radius. The regression equation quantifying this relation is (sales)

Answers

Answer:

[tex]Sales = 86.749[/tex]

Step-by-step explanation:

Given

[tex]Sales = 0.845*(competitors) + 5.79*(population) + 13.889[/tex]

[tex]Competitors = 4[/tex]

[tex]Population = 12000[/tex]

See comment for complete question

Required

The sales

We have:

[tex]Sales = 0.845*(competitors) + 5.79*(population) + 13.889[/tex]

Substitute values for competitors and population

[tex]Sales = 0.845*4 + 5.79*12 + 13.889[/tex]

[tex]Sales = 3.38 + 69.48 + 13.889[/tex]

[tex]Sales = 86.749[/tex]

If interest is 8% and it is compounded semiannually, and after one year, the total value is $10,816, what was the original investment?

Answers

$135200

X * 8% = 10816
X = 10816/8% = 135200

Can someone help me with this? Thanks!

Answers

9514 1404 393

Answer:

x ∈ {5, 7}(5,7)

Step-by-step explanation:

The graph shows the function value is zero for x=5 and x=7. These are the elements of the solution set.

  x ∈ {5, 7}

__

The graph is below the x-axis between these points, so that is the region where f(x) < 0

  5 < x < 7 . . . . . for f(x) < 0

In interval notation: (5, 7).

Can the range of a function be written like this {6,7,8,10} instead of like this [tex]6\leq x\leq 10[/tex]?

Answers

Answer:

No unless x is being used to define only elements of an integer set.

Step-by-step explanation:

No, not in general unless x is defined as a integer or a subset of the integers like the naturals, whole numbers....

Usually 6<=x<=10 means all real numbers between 6 and 10, inclusive. This means example that 6.6 or 2pi are in this set with infinitely other numbers that I can't name.

{6,7,8,9,10} just means the set containing the numbers 6,7,8,9,10 and that's only those 5 numbers.

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