The total amount of money Lee would have at the end of 8 years is $7,600.
<h2>Definition of simple interest</h2>
Simple interest is interest that is earned only on the amount of money deposited. In order to determine the amount of money Lee would have at the ned of 8 years, it would be the sum of simple interest earned and the amount deposited,
<h3>Calculation of simple interest</h3>
Simple interest = principal x time x interest rate
$5000 + 0.065 x 8 = $2,600
Total sum of money = $2,600 + 5000 = $7,600
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Using the normal distribution, it is found that a production worker has to make $542.64 a week to be in the top 30% of wage earners.
<h3>Normal Probability Distribution</h3>
In a normal distribution with mean and standard deviation , the z-score of a measure X is given by:
- It measures how many standard deviations the measure is from the mean.
- After finding the z-score, we look at the z-score table and find the p-value associated with this z-score, which is the percentile of X.
In this problem:
- The mean is of .
- The standard deviation is of .
- The lower bound of the top 30% is the 70th percentile, which is X when Z has a p-value of 0.7, so <u>X when Z = 0.84.</u>
A production worker has to make $542.64 a week to be in the top 30% of wage earners.
You can learn more about the normal distribution at brainly.com/question/24663213
Answer: D is the correct answer
Answer:
the answer is 7 ok
Step-by-step explanation:
7 answer
Answer:
yes
Step-by-step explanation: