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2 years ago

8

The best way to achieve significant increases in interest after all in a savings account is through?

1 answer:

Alekssandra [29.7K]2 years ago

4 0

Answer: The answer is (d) Compounding.

Step-by-step explanation: We are given four options out of we are to select the best way through which we can achieve significant increases in interest after all in a savings account.

Increases in principle and increases in time will not give the result, because we are talking about a fixed amount of money for a fixed time.

Also, increases in interest is not in our hand.

So, only we can do is compounding. Here, in same amount of money and time, the rate of interest will automatically increase.

Thus, the correct option is (d) Compounding.

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Assume that population mean is to be estimated from the sample described. Use the sample results to approximate the margin of er

Vikentia [17]

Answer:

$ME=1.998 \frac{4}{\sqrt{64}}=0.999 \approx 1$

Step-by-step explanation:

Previous concepts

A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".

The margin of error is the range of values below and above the sample statistic in a confidence interval.

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

$\bar X =69$ represent the sample mean for the sample

$\mu$ population mean

s=4.0 represent the sample standard deviation

n=64 represent the sample size

Assuming the X follows a normal distribution

$X \sim N(\mu, \sigma)$

The sample mean $\bar X$ have the following distribution:

$\bar X \sim N(\mu, \frac{\sigma}{\sqrt{n}})$

The margin of error for the sample mean is given by this formula:

$ME=z_{\alpha/2}\frac{\sigma}{\sqrt{n}}$

Since we have the sample standard deviation we can estimate the margin of error like this:

$ME=t_{\alpha/2}\frac{s}{\sqrt{n}}$

The next step would be find the value of $\z_{\alpha/2}$ , $\alpha=1-0.95=0.05$ and $\alpha/2=0.025$

We can find the degrees of freedom like this:

$df=n-1=64-1=63$

And we can find the critical value with the following code in excel for example: "=T.INV(0.025,63)" and we got:

$t_{\alpha/2}=\pm 1.998$

And the margin of error would be :

$ME=1.998 \frac{4}{\sqrt{64}}=0.999 \approx 1$

3 0

3 years ago

salantis [7]

Answer:

A. 12 r 1

Step-by-step explanation:

6*12=72

73-72=1

6 0

2 years ago

Read 2 more answers

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yaroslaw [1]

Answer:

C

Step-by-step explanation:

4 0

3 years ago

Use intercepts to graph the linear equation 4x + 6y = 12.

Natasha_Volkova [10]

Answer:

I love algebra anyways

The ans is in the picture with the steps how i got it

(hope this helps can i plz have brainlist :D hehe)

Step-by-step explanation:

3 0

2 years ago

Which equation best represents the line? (10 Points)

son4ous [18]

Answer: D. y = 3x − 1

Step-by-step explanation:

The equation of a straight line can be represented in the slope-intercept form, y = mx + c

Where c = intercept

Slope, m =change in value of y on the vertical axis / change in value of x on the horizontal axis

change in the value of y = y2 - y1

Change in value of x = x2 -x1

y2 = final value of y

y 1 = initial value of y

x2 = final value of x

x1 = initial value of x

From the graph,

y2 = 2

y1 = - 1

x2 = 1

x1 = 0

Slope,m = (2 - - 1)/(1 - 0) = 3/1 = 3

To determine the intercept, we would substitute x = 1, y = 2 and m= 3 into y = mx + c

y = mx + c. It becomes

2 = 3 × 1 + c = 3 + c

c = 2 - 3 = - 1

The equation becomes

y = 3x - 1

7 0

3 years ago