A random sample of small business stock prices has a sample mean of x¯=$54.82 and sample standard deviation of s=$8.95. Use the Empirical Rule to estimate the percentage of small business stock prices that are more than $81.67. Round your answer to the nearest hundredth.

Respuesta :

Answer:

The right solution is "0.15%".

Step-by-step explanation:

The given values are:

Mean,

[tex]\bar{x}=54.82[/tex] $

Standard deviation,

[tex]s = 8.95[/tex] $

[tex]P(X>81.67)[/tex]

Now,

= [tex]P(z>\frac{81.67-\bar{x}}{s} )[/tex]

On substituting the values, we get

= [tex]P(z>\frac{81.67-54.82}{8.95} )[/tex]

= [tex]P(z>\frac{26.85}{8.95})[/tex]

= [tex]P(z>3)[/tex]

By using the table, we get

= [tex]0.0015[/tex]

= [tex]0.15[/tex]%

ACCESS MORE
ACCESS MORE
ACCESS MORE
ACCESS MORE