Standard deviation of the distribution

Assignment Help Business Economics
Reference no: EM131589414

In the united states, the mean age of men when they marry for the first time follows the normal distribution with a mean of 24.6 years. The standard deviation of the distribution is 2.8 years.

1) For a sample of 66 men, what is the likelihood that the age when they are first married is less than 25? (round your z value to 2 decimal places. Round final answer to 4 decimal places.)

Reference no: EM131589414

Questions Cloud

Fundamentals of public administration : Demonstrate the impact of policies and the constraints that are usually associated with Public Administration.
Centervale state penitentiary management of prison violence : The Ninth Circuit Court has received a large number of complaints filed by prisoners claiming that their civil rights are being violated.
Confidence interval of the proportion of middle-income : Construct an 95% confidence interval of the proportion of middle-income Americans who actively participate in the stock market.
Confidence interval for the population mean : Construct a 99% confidence interval for the population mean. (round to 2 decimal places.)
Standard deviation of the distribution : In the united states, the mean age of men when they marry for the first time follows the normal distribution with a mean of 24.6 years.
How will it effect feets and how to implement these metrics : Discuss the effect the metrics you choose will have on the company and the order in which you would implement the metrics.
The effectiveness of prison rehabilitation programs : To ensure rehabilitation, prosocial behavior, and reduction and elimination of violent behavior among prisoners, there must be proper programming.
How are consumer surplus and producer surplus : How are consumer surplus and producer surplus related the efficiency of markets?
Calculate the profit-maximizing price : The own price elasticity of demand for the product has been estimated to be -1.25. Calculate the profit-maximizing price that the firm should charge.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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