Spot electricity prices are normally distributed withan average of 62 $/MWh and a standard deviationof 23.4 $/MWh. Find the price above which 15% ofspot prices are higher. Select from the answersbelow.86.336 $/MWh73.45 $/MWh51.368 $/MWh42.4 $/MWh

Given : mean = 62 standard deviation = 23.4

Answered: Spot electricity prices are normally…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

A given set of data has a specific standard deviation. Describe what will happen to the standard deviation when all individual scores in the data are: Doubled
The mean score on a driving exam for a group of drivers education students is 72 points with a standard deviation of 6 points. apply Chebyshev theorem to the data using K=2. Interpret the results. Simplify answer.
the average hourly wage of production workers in manufacturing in 2007 was $17.41.Assume the variable is normally distributed. If the standard deviation of earning is$3.72, find the percent of production workers who Earned less than $14.00
The revenue of a shop is approximately normally distributed with a mean of $4500 and a standard deviation of $800.Find the revenue, y, for which 33% of revenue are below it.
Ms. Gonzalez has recorded the test scores for each of her 25 students, She has calculated EX? = 320 and (EX) = 5,000, Calculate the estimated population standard deviation for her data. 1.98 2.24 O 5.00 O 3.95
A set of date has a normal distribution with a mean of 100 and a standard deviation of 15. Find the percent of data to the right of 55. (Make sure to include % sign in answer.
I was wondering if these answers are correct. Explain. A study by Quadrant Information Services commissioned by Insure.com calculated auto insurance rates for each of the 50 states; and as a result, the average annual rate for the United States was $1,317. Suppose annual rates of auto insurance in the United States are normally distributed with a standard deviation of $324. According to MoneyGeek, a state minimum auto insurance policy in Florida costs an average of $1123 per year and the average cost of full coverage car insurance in Florida is $2208. What percentage of policies cost less than the Florida state minimum policy of $1123? z = (x - mu) / sigma z = (1123-1317)/324 z= -0.59876543 P-value from Z-Table: P(x<1123) = 0.27466 The answer is less than I expected. After using a z-table to determine the score it results in 27% of policies that are less than the minimum policy of 1123. What percentage of auto insurance rates would be less than $1,200? z = (x - mu) / sigma…
Follow the instructions in the given image and write all formulas to do the steps in the Excel.. Please only do the B part
the average hourly wage of production workers in manufacturing in 2007 was $17.41.Assume the variable is normally distributed. If the standard deviation of earning is$3.72, find the percent of production workers who Earned more than $18.55
A certain data set has a variance of 9. Find the standard deviation of the data set.
The distribution of the heights of young men is approximately normal with a mean of 70 inches and a standard deviation of 2.5 inches. Fill in the blanks: The heights of the middle 95 percent of men fall between inches and inches. (Give your answers as whole numbers.)
A Moving to another question will save this response. Question 5 The national scores on an exam were normal distributed with a mean of 428 and a standard deviation of 113. Approximately what percent of those taking this test had scores between 315 and 541? A Moving to another question will save this response. Session 10 GN.docx MacBook Pro

SEE MORE QUESTIONS

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS

Spot electricity prices are normally distributed with an average of 62 $/MWh and a standard deviation of 23.4 $/MWh. Find the price above which 15% of spot prices are higher. Select from the answers below.