Answer:
The approximate 90% confidence interval is;
70,244 to 70,732
Step-by-step explanation:
Here, we want to calculate the approximate 90% C.I for the situation
Mathematically;
CI = mean ± (z * SD)/√n
From the question;
mean = 70,438
SD = 645.3
n = 30
we can get z from the CI table
90% CI is same as; 1.645 z-score
So , substituting these values;
CI = 70,438 ± ( 1.645 * 645.3)/√30
CI = 70,438 ± 194
So the CI = 70,438 -194 to 70,438 + 194
= 70,244 to 70,732
Answer:
Step-by-step explanation:
The formula for determining simple interest is expressed as
I = PRT/100
Where
I represents interest paid on the amount deposited.
P represents the principal or amount deposited.
R represents interest rate
T represents the duration in years.
From the information given,
P = 2500
R = 1.5%
T = 30 years
I = (2500 × 1.5 × 30)/100 = $1125
the account balance be after 30 years is
1125 + 2500 = $3625
Answer:

Step-by-step explanation:
1. The initial equation given to us is
. Rearranging the equation to isolate
, we have:

2. Using the equation we rearranged in part 1, we can substitute given values:

3. We see from our equation in part 1 (
) that when
, the denominator of our fraction will be equal to 0. Since we cannot divide by 0, the velocity remains undefined and cannot be determined.