Assume that the miles-per-gallon mpg rating of passenger

Assignment Help Microeconomics
Reference no: EM13472907

Suppose that the miles-per-gallon (mpg) rating of passenger cars is a normally distributed random variable with a mean and a standard deviation of 31.9 and 3.4 mpg, respectively.

a. If two passenger cars are randomly selected, what is the probability that all of the passenger cars get more than 34 mpg?

b. What is the probability that a randomly selected passenger car gets more than 34 mpg?

Reference no: EM13472907

Questions Cloud

The treasure is at vertex z of a parallelogram the three : the treasure is at vertex z of a parallelogram. the three other vertices of the parallelogram are located in the
Using our sample data construct a 95 confidence interval : lets look at some other factors that might influence pay. complete the problems below and submit your work in an excel
Think of the three most significant bits of advice ever : write a paragraph of about 150 words on the following topic. your paragraph should begin with a title with a topic
Suppose the altitude to the hypotenuse of a right triangle : suppose the altitude to the hypotenuse of a right triangle bisects the hypotenuse. how does the length of the altitude
Assume that the miles-per-gallon mpg rating of passenger : suppose that the miles-per-gallon mpg rating of passenger cars is a normally distributed random variable with a mean
Assume temperatures increases at constant rate construct : the greenhouse temperatures at cretin times are shown in the table the greenhouse maintains temperatures between 65
An autonomy deprivation condition in which they were told : radel and colleagues 2011 conducted a study of how feeling overly controlled makes you desire-even unconsciously-more
Lorraine said to sharon if i run then i will win the race : lorraine said to sharon if i run then i will win the race. sharon said to her you mean i dont run or i will win the
Compute the expected value and the standard error for the : a random sample of size n 175 is taken from a population with population proportion p 0.71.calculate the expected

Reviews

Write a Review

Microeconomics Questions & Answers

  Determine which city provides the lowest overall costs

Wiebe Trucking, Inc., is planning a new warehouse to serve the western United States. Denver, Santa Fe, and Salt Lake City are under consideration. For each location, annual fixed costs (rent, equipment, and insurance) and average variable costs p..

  What will be the price and quantity

Toys Corporation has estimated its demand and cost function what will be theprice and quantity if Toys would like maximize profits

  Q1 the key to understanding how the level of real gdp will

q1. the key to understanding how the level of real gdp will fall below and oscillate around potential output

  John davis a recent ie graduate from tennessee

john davis a recent ie graduate from tennessee technological university bought an suv for 30000 with a down payment of

  Explain the rationale behind equal prices for unequal

Prepare a 2 page paper using APA format discussing Airline Ticket Prices.Explain the rationale behind equal prices for unequal distances in air travel using supply, demand, and cost curves.

  The other is to convert the nominal gdp growth rate to real

one is to convert the actually a nominal gdp number to a real gdp number. the other is to convert a nominal gdp growth

  Question about micro economics

Question about micro economics- Sam Smith owns an internet radio company that has subscribers in Houston and Dallas

  Consider an economy that abides by the classical mode the

consider an economy that abides by the classical mode. the production function is unspecified but we know that the

  Reason whether global economy will return to mercantilist

globalization was welcomed around the world at the beginning of the 1990s. different trade theories were used to

  Real estate investors the leverage cycle

Please provide a critique and literature review on "Real Estate Investors,

  Explain how plan benefits organization in its overall

develop a strategic plan for your chosen company based on their corporate mission and objectives. follow the six step

  What effect does immigration have on wages write down some

in your quest to understand how your employees would be affected by any of the decisions you are going to make you also

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd