Describe the accumulated value a of the sum of money P the principal after two years at annual percent rich are in the decimal f
orm compounded continuously complete the table for the saving account subject to continuous compounding.
1 answer:
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We want to find the value that makes
To find it we must look at the standard normal table, using the complementary cumulative table we find that
Then, using the z-score we can find the minimum score needed, remember that
Where
σ = standard deviation
μ = mean
And in our example, x = minimum score needed, therefore
Rounding to the nearest integer the minimum score needed is 568, if you get 568 you are at the top 20.1%.
Answer:
(a)z=-1
(b)48.5 pounds
(c)61.5 pounds
Step-by-step explanation:
Given:
Mean, μ = 55 pounds
Standard deviation,σ = 6 pounds.
(a)For a dog that weighs 49 pounds.
x=49 pounds
The z-score
(b)When a dog has a z-score of -1.09
The weight of a dog with a z-score of -1.09 is 48.5 pounds.
(c)When a dog has a z-score of 1.09
The weight of a dog with a z-score of 1.09 is 61.5 pounds.