Calculate the maturity value for an interest-bearing note of $28,500 for 118 days at 8%
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Answer:
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".
represent the sample mean for the sample
population mean (variable of interest)
s represent the sample standard deviation
n represent the sample size
Solution to the problem
The confidence interval for the mean is given by the following formula:
(1)
For this case the confidence interval is given by (6.55,8.15). And we can estimate the margin of error with this formula since the confidence interval is symmetrical:
Well, notice the composite is really just 4 triangles atop sitting on top of 4 rectangles, and all of them area stacked up at the edges.
so, for the rectangle's sides,
front and back are two 6x3 rectangles
left and right are two 6x3 rectangles
the bottom part is a 6x6 rectangle
now, we don't include the 6x6 rectangle that's touching the triangles, because that's inside area, and is not SURFACE area, so we nevermind that one.
now, the triangles are just four triangles with a base of 6, and a height of 4, in red noted there.
so, just get the area of all those rectangles and the triangles, sum them up and that's the surface area of the composite,
so, for the rectangle's sides,
front and back are two 6x3 rectangles
left and right are two 6x3 rectangles
the bottom part is a 6x6 rectangle
now, we don't include the 6x6 rectangle that's touching the triangles, because that's inside area, and is not SURFACE area, so we nevermind that one.
now, the triangles are just four triangles with a base of 6, and a height of 4, in red noted there.
so, just get the area of all those rectangles and the triangles, sum them up and that's the surface area of the composite,