The answer can be readily calculated using a single variable, x:
Let x = the amount being invested at an annual rate of 10%
Let (8000 - x) = the amount being invested at an annual rate of 12%
The problem is then stated as:
(x * 0.10) + ((8000 - x) * 0.12) = 900
0.10(x) + ((8000 * 0.12) - 0.12(x)) = 900
0.10(x) + 960 - 0.12(x) = 900
0.10(x) - 0.12(x) = 900 - 960
-0.02(x) = -60
-0.02(x) * -100/2 = -60 * -100/2
x = 6000 / 2
x = 3000
Thus, $3,000 is invested at 10% = $300 annually; and $8,000 - $3,000 = $5,000 invested at 12% = $600 annually, which sum to $900 annual investment.
Answer:
discount divided by the normal/actual
Step-by-step explanation:
Answer:
The distribution will be approximately normal, with mean 350,000 and standard deviation 25,298.
Step-by-step explanation:
The Central Limit Theorem estabilishes that, for a normally distributed random variable X, with mean 
and standard deviation 
, the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean and standard deviation 
.
For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.
Population:
Suppose the selling price of homes is skewed right with a mean of 350,000 and a standard deviation of 160000
Sample of 40
Shape approximately normal
Mean 350000
Standard deviation 
The distribution will be approximately normal, with mean 350,000 and standard deviation 25,298.
Answer:
Step-by-step explanation:
