What amount of money must Kurt Blixen invest at 4.75% to have it earn $10,000 in 90 days?
1 answer:
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The required percentage error when estimating the height of the building is 3.84%.
<h3>How to calculate the percent error?</h3>Suppose the actual value and the estimated values after the measurement are obtained. Then we have:
Error = Actual value - Estimated value
Given that,
An estimate of the height, H meters, of a tall building can be found using the formula :
H = 3f + 15
where the building is f floors high.
f = 85
The real height of the building is 260 m.
H = 3f + 15
Put f = 85 in the above formula
H = 3(85) + 15
H = 270 m
Error,
So, the required percentage error is 3.84%.
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The probability that the transistor will last between 12 and 24 weeks is 0.424
X= lifetime of the transistor in weeks E(X)= 24 weeks
O,= 12 weeks
The anticipated value, variance, and distribution of the random variable X were all provided to us. Finding the parameters alpha and beta is necessary before we can discover the solutions to the difficulties.
X~gamma()
E(X)=
=
=6 weeks
V(x)=
=24/6= 4
Now we can find the solutions:
The excel formula used to create Figure one is as follows:
=gammadist(X, ,
, False)
P()
P()
P()
P= 0.424
Therefore, probability that the transistor will last between 12 and 24 weeks is 0.424
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