Answer:
Final answer is approx 6.644 years.
Step-by-step explanation:
A principal of $4900 is invested at 8.5% interest, compounded annually. how much will the investment be worth after 7 years? Rou
1 answer:
You might be interested in
Answer:
The z-score for an income of $2,100 is 1.
Step-by-step explanation:
If X N (µ, σ²), then
, is a standard normal variate with mean, E (Z) = 0 and Var (Z) = 1. That is, Z
N (0, 1).
The distribution of these z-variate is known as the standard normal distribution.
Given:
µ = $2,000
σ = $100
<em>x</em> = $2,100
Compute the <em>z</em>-score for the raw score <em>x</em> = 2100 as follows:
Thus, the z-score for an income of $2,100 is 1.