A wiring job requires 5,127 feet of cable. If the cable comes in 250-foot coils, how many coils of cable are required?
2 answers:
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Assuming that the 4.8% interest rate is an annual interest rate, then, after one year, with a principal of $3,000 we would be able to win 4.8% of $3000:
Divide 144 over 12 to find the monthly earnings:
Therefore, with a principal of $3,000 we would be earning $12 interest in 1 month.
For the earnings on the first month to be equal to $10, then you would have to win $120 annually, and $120 must be 4.8% of the principal. To find which quantity satisfies that 4.8% of it is equal to $120, divide 120 over 4.8%:
Therefore, the principal must be equal to $2500 for you to win $10 on the first month, and it would indeed be correct to say that if you open an account with $3000 you will earn at least $10 interest in 1 month.
<h2>Answer with explanation:</h2>
The confidence interval for population mean is given by :-
(1)
, where = sample mean
z* = critical value.
SE = standard error
and ,
= population standard deviation.
n= sample size.
As per given , we have
n= 15
It is known that ring diameter is normally distributed.
By z-table ,
The critical value for 95% confidence = z*= 1.96
A 99% two-sided confidence interval on the true mean piston diameter :
(using (1))
[Rounded to three decimal places]
∴ A 99% two-sided confidence interval on the true mean piston diameter = (74.020, 74.022)
By z-table ,
The critical value for 95% confidence = z*= 1.96
A 95% lower confidence bound on the true mean piston diameter:
(using (1))
[Rounded to three decimal places]
∴ A 95% lower confidence bound on the true mean piston diameter= 74.020