A construction company in Florida is struggling to sell condominiums. The company believes that it will be able to get an average saleprice of $255,000. Let the price of these condominiums in the next quarter be normally distributed with a standard deviation of$17,000. [You may find it useful to reference the z table.]a. What is the probability that the condominium will sell at a price (i) Below $231,000? (ii) Above $293,000? (Round your final answersto 4 decimal places.)✔ Answer is complete and correct.ProbabilityBelow $231,000Above $293,0000.0793✔0.0129b. The company is also trying to sell an artist's condo. Potential buyers will find the unusual features of this condo either pleasing orobjectionable. The manager expects the average sale price of this condo to be the same as others at $255,000, but with a higherstandard deviation of $21,000. What is the probability that this condo will sell at a price (i) Below $231,000? (ii) Above $293,000?(Round your answers to 4 decimal places.)> Answer is complete but not entirely correct.ProbabilityBelow $231,000Above $293,0000.0793 X0.0359

Let X be the price of the condominium.The average sell price and standard deviation are given as…

Answered: A construction company in Florida is…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Part D E The owner of the small convenience store in the previous question sells two different candybrands. On average, he sells 20 “A” candies with a standard deviation of 3 and 15 “B”candies with a standard deviation of 5. The price for candy “A” and “B” is 2$ and 1.5$respectively.a. Assuming that selling “A” is independent of selling “B,” what is the expected valueand standard deviation of the total revenue from selling these two products? b. What is the probability of selling less than 30$ of “A” candies? c. What is the probability of selling more than 30$ of “B” candies? d. What is the probability of gaining between 50$ to 70$ from selling both candies? e. If buying these candies costs 40$ for the owner, what would be the probability ofmaking a profit out of selling these candies? Explain whether having these productsin the convenience store makes sense
Yellow one is tab #1
help me answer a,b, and c
man.2
Amy needs to plan inventory ahead for her business and she needs to know how the demand for her products would be like for the next week. Suppose, based on experience, she knows that the demand for her products follows a normal distribution with a mean of 300 units and and a standard deviation of 60 units. What is the probability, approximately, that Amy will face a demand of less than 180 units? 5% 16% 2.5% 0%
Please answer b and c.
Listed below, from left to right and then top to bottom, are numbers of law enforcement fatalities for 20 recent and consecutive years. First find the mean, identify each value as being above the mean (A) or below the mean (B), then test for randomness above and below the mean using α = 0.05. Is there a trend? 183 140 173 172 144 163 242 159 150 165 164 155 191 147 124 160 171 125 106 116 The mean is. (Type an integer or a decimal. Do not round.) C
A successful basketball player has a height of 6 feet 11 inches, or 211 cm. Based on statistics from a data set, his height converts to the z score of 5.17. How many standard deviations is his height above the mean?
If you get a sneak peak at the salary list of your job and realize you are in the lowest bracket, which is the lowest 1%, what is your salary if you know that the mean salary is $48,000 and it has a standard deviation of $5500?
Your Turn: Standardized Scores Scores on the final exam in Ms. Meyer's statistics class follow a normal distribution, with a mean of 82 and a standard deviation of 5. 1. Ron, who took Ms Meyer's class, scored 88 on the final. Ron's z-score is Click to view hint 2. This means that Ron's final score is Click to view hint 3. Dan also took Ms. Meyer's class, and the z-score of his final is -2.4. This means that Dan's score is: Click to view hint 4. Dan's actual score on the final is Click to view hint 5. Julie was assigned to take her statistics class with Mr. Fisher, whose final scores followed normal distribution with mean 75 and standard deviation of 6. Her score on the final was 84. Which of the two scores, Ron's or Julie's, is more impressive? Click to view hìnt Check
C. Atlantic Video is planning to add the new Marvel movie to their collection, and they predict that this will double their demand (i.e. new arrival rate is 60 customers every hour) and halve the standard deviation of the inter-arrival times. However, they want to keep the average waiting time of customers in line the same as before. Assume that the coefficient of variation for the check-out times does not change. Please answer the following questions. 1) Does the employee need to work twice as fast? If not, calculate the new service rate. 2) What is the average number of customers in the store?

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