Businesses can buy multiple licenses for a data-compression software at a total cost of approximately C(x) = 108x2/3 dollars for x licenses. Use a calculator to find the actual cost of the 64th license by evaluating C(64) − C(63) for the cost function. (Round your answer to two decimal places.) $____________________________
Inverse Normal Distribution
The method used for finding the corresponding z-critical value in a normal distribution using the known probability is said to be an inverse normal distribution. The inverse normal distribution is a continuous probability distribution with a family of two parameters.
Mean, Median, Mode
It is a descriptive summary of a data set. It can be defined by using some of the measures. The central tendencies do not provide information regarding individual data from the dataset. However, they give a summary of the data set. The central tendency or measure of central tendency is a central or typical value for a probability distribution.
Z-Scores
A z-score is a unit of measurement used in statistics to describe the position of a raw score in terms of its distance from the mean, measured with reference to standard deviation from the mean. Z-scores are useful in statistics because they allow comparison between two scores that belong to different normal distributions.
Businesses can buy multiple licenses for a data-compression software at a total cost of approximately C(x) = 108x2/3 dollars for x licenses. Use a calculator to find the actual cost of the 64th license by evaluating C(64) − C(63) for the cost function. (Round your answer to two decimal places.)
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
