A sum of rs 400 is lent for 3 yrs at the rate of 6% per annum. Find the interest.

1 answer:

3 0

Interest is equal to rs 72

Simple Interest is computed by multiplying the principal to the interest rate and the time.

I = P * r * t

Principal = rs 400
Interest rate = 6%
Term / time = 3 yrs

I = 400 * 6% * 3
I = 72 the total interest that must be paid in 3 yrs.

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In a recent year, Washington State public school students taking a mathematics assessment test had a mean score of 276.1 and a s

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Answer:

a) $\mu_{\bar x} =\mu = 276.1$

$\sigma_{\bar x} =\frac{\sigma}{\sqrt{n}}=\frac{34.4}{\sqrt{64}}=4.3$

b) From the central limit theorem we know that the distribution for the sample mean $\bar X$ is given by:

$\bar X \sim N(\mu=276.1, \frac{\sigma}{\sqrt{n}}=4.3)$

c) $P(\bar X \geq 285)=P(Z\geq \frac{285-276.1}{4.3}=2.070)$

$P(Z\geq2.070)=1-P(Z$

Step-by-step explanation:

Let X the random variable the represent the scores for the test analyzed. We know that:

$\mu=E(X) = 276.1 , \sigma=Sd(X) = 34.4$

And we select a sample size of 64.

The central limit theorem states that "if we have a population with mean μ and standard deviation σ and take sufficiently large random samples from the population with replacement, then the distribution of the sample means will be approximately normally distributed. This will hold true regardless of whether the source population is normal or skewed, provided the sample size is sufficiently large".

Part a

For this case the mean and standard error for the sample mean would be given by:

$\mu_{\bar x} =\mu = 276.1$

$\sigma_{\bar x} =\frac{\sigma}{\sqrt{n}}=\frac{34.4}{\sqrt{64}}=4.3$

Part b

From the central limit theorem we know that the distribution for the sample mean $\bar X$ is given by:

$\bar X \sim N(\mu=276.1, \frac{\sigma}{\sqrt{n}}=4.3)$

Part c

For this case we want this probability:

$P(\bar X \geq 285)$