00:01
What unit? pounds.
00:02
So that's in pounds.
00:03
And now we need to find our variance because we know that the correlation coefficient between the small and the big is 0 .4.
00:12
So the variance for that total is we need to add the variances of the two.
00:18
So we'll take the million plus the $810 ,000 plus two times and the coefficients on these are one.
00:31
So we don't have to increase anything there.
00:33
Times that correlation coefficient, and then we need the square root of a million for the standard deviation, and times the square root of 810 ,000.
00:46
And let's find out what that variance is.
00:48
So this is that 1 ,810 ,000, and then plus 2 times 0 .4 times the square root of 1 million times the square root of 810 ,000.
01:09
And this comes out to be 2 ,530 ,000.
01:16
So that is the variance of our t.
01:20
Now we want to find what the probability is.
01:27
So let's put a new color.
01:28
The probability that we will end up having between 138 ,000 and 141 ,000, because that's what they would like to happen.
01:39
And so we need to convert these into z values because we know we have a normal distribution...