Number 18. Please?!!!!
2 answers:
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Answer:
$8,240
Step-by-step explanation:
We are given that,
Principle amount in the savings account, P = $5,000.
Rate of interest, r = 5% = 0.05
Time period, t = 10
Also, the interest is compounded monthly, n = 12
As, we now that the value of the investment is given by
Thus, we have,
Investment Value =
i.e. Investment Value =
i.e. Investment Value =
i.e. Investment Value =
i.e. Investment Value = $8,240
Hence, the investment amount after 10 years is $8,240.
Answer:
And we can find this probability using the normal standard table or excel and we got:
The figure shows the calculation for this case.
Step-by-step explanation:
Previous concepts
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".
Solution to the problem
Let X the random variable that represent the hardness of a population, and for this case we know the distribution for X is given by:
Where and
We are interested on this probability
And the best way to solve this problem is using the normal standard distribution and the z score given by:
If we apply this formula to our probability we got this:
And we can find this probability using the normal standard table or excel and we got:
The figure shows the calculation for this case.
