Question
Rideshare services are available internationally where a customer uses a smartphone app to request a ride. Then a driver receives the request, picks up the
Rideshare services are available internationally where a customer uses a smartphone app to request a ride. Then a driver receives the request, picks up the customer, and takes the customer to the desired location. No cash is involved; the payment for the transaction is handled digitally. Suppose we collect a sample of weekly income of 30,000 rideshare drivers, based on which we get the mean of the weekly income equal to $1500 and standard deviation of $200.
(3 marks for each question below)
a) What is the z value of income for a driver who earns $1600 per week?
b) Among the 30,000 drivers, how many of them have a weekly income of more than $1600?
c) How many of them have a weekly income in between $1400 and $1800?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started