Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(12) A cab company has computed its mean fare to be$32.00,with a standard deviation of$4.10. Suppose that the cab fares are normally distributed. Complete the

(12) A cab company has computed its mean fare to be$32.00,with a standard deviation of$4.10. Suppose that the cab fares are normally distributed. Complete the following statements.

(a)Approximately68% of the company's cab rides have fares between$ ( )

and$ ( )

(b)Approximately? 68% 75% 95% 99.7% of the company's cab rides have fares between$19.70 and$44.30.

(14) Usethis tableor the ALEKS calculator to complete the following.

Give your answers to four decimal places (for example,0.1234).

(a) Find the area under the standard normal curve to the right ofz=1.06.

(b) Find the area under the standard normal curve between z=2.09andz= 1.56.

(15) Suppose that resting pulse rates among healthy adults are normally distributed with a mean of72beats per minute and a standard deviation of16 beats per minute.

Usethis tableor the ALEKS calculator to find the percentage of healthy adults who have resting pulse rates that are more than48 beats per minute. For your intermediate computations, use four or more decimal places. Give your final answer to two decimal places (for example98.23%).

(16) On April 21, 16, the market value of the investments contained in the Brookstone Utilities Fund, a mutual fund, was$29,600,000.Liabilities for the fund were$2,664,000.

If the fund had1,700,000 shares outstanding, calculate the net asset value per share. Round your answer to the nearest cent.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Theory And Applications Of Partial Functional Differential Equations

Authors: Abrar A Khan

1st Edition

9353141915, 9789353141912

More Books

Students also viewed these Mathematics questions