Please can some one help me with the following:
A fisherman finds that approximately 17% of all his fish go bad by the time he takes them to the market. The fisherman catches 1,000 fish.
A. How many will go bad by the time he takes them to the market?
B. Find the standard deviation.
Thanks!
A. 0.17*1000 = 170
B. sqrt[(0.17)(0.83)*1000]= 12
(I am guessing)
A. To find the number of fish that will go bad by the time the fisherman takes them to the market, you need to calculate 17% of the total number of fish. Here's how you can do that:
Step 1: Convert 17% to a decimal by dividing it by 100. 17 divided by 100 equals 0.17.
Step 2: Multiply the decimal by the total number of fish caught. In this case, the fisherman caught 1,000 fish.
0.17 * 1,000 = 170
Therefore, approximately 170 fish will go bad by the time the fisherman takes them to the market.
B. To find the standard deviation, we need more information such as the specific data points or the distribution of the fish quality. Without specific data, it is not possible to calculate the standard deviation. The standard deviation measures the variability or spread of a set of data points, but in this case, we only know the percentage of bad fish, not the actual values.