Answer:
$10278
Step-by-step explanation:
Given data
P= $6000
R= 8%
T= 7 years
The compound interest formula is
A=P(1+r)^t
substitute
A=6000(1+0.08)^7
A=6000(1.08)^7
A=6000*1.713
A=$10278
Answer:
x=11
Step-by-step explanation:
M is the midpoint this means that we can set AM and BM equal to eachother, once this is done we can solve for x
9x-6=6x+27 (set equal to eachother)
9x=6x+33 (add 6)
3x=33 (subtract 6x)
x=11 (divide by 3)
Answer:
217648314.791
Step-by-step explanation:
Answer:
$2400
$12,400
Step-by-step explanation:
Simple interest equation:
PV(1+it)
we have
10000(1+.06*4)
10000(1.24)
12400
Subtract the PV to get the interest earned
12400-10000= 2400
We just found that the total would be 12,400 and so part B is already solved
Answer:
P(2.50 < Xbar < 2.66) = 0.046
Step-by-step explanation:
We are given that Population Mean,
= 2.58 and Standard deviation,
= 0.75
Also, a random sample (n) of 110 households is taken.
Let Xbar = sample mean household size
The z score probability distribution for sample mean is give by;
Z =
~ N(0,1)
So, probability that the sample mean household size is between 2.50 and 2.66 people = P(2.50 < Xbar < 2.66)
P(2.50 < Xbar < 2.66) = P(Xbar < 2.66) - P(Xbar
2.50)
P(Xbar < 2.66) = P(
<
) = P(Z < -1.68) = 1 - P(Z
1.68)
= 1 - 0.95352 = 0.04648
P(Xbar
2.50) = P(
) = P(Z
-3.92) = 1 - P(Z < 3.92)
= 1 - 0.99996 = 0.00004
Therefore, P(2.50 < Xbar < 2.66) = 0.04648 - 0.00004 = 0.046