Answer:
The doubling time of this investment would be 9.9 years.
Step-by-step explanation:
The appropriate equation for this compound interest is
A = Pe^(rt), where P is the principal, r is the interest rate as a decimal fraction, and t is the elapsed time in years.
If P doubles, then A = 2P
Thus, 2P = Pe^(0.07t)
Dividing both sides by P results in 2 = e^(0.07t)
Take the natural log of both sides: ln 2 = 0.07t.
Then t = elapsed time = ln 2
--------- = 0.69315/0.07 = 9.9
0.07
The doubling time of this investment would be 9.9 years.
Answer:
Null hypothesis = 
Alternate hypothesis =
Step-by-step explanation:
Given : In a recent semester, the proportion who earned a bachelor's degree within six years was 0.395.
The president of a certain college believes that the proportion of students who enroll in her institution have a higher completion rate.
To Find : Determine the null and alternative hypotheses.
Solution:
In a recent semester, the proportion who earned a bachelor's degree within six years was<u> 0.395. </u>
Claim : the proportion of students who enroll in her institution <u>have a higher completion rate.</u>
So,null hypothesis = 
Alternate hypothesis =
1/2 probability of 1 flip
1/2 x 1/2 x 1/2 x 1/2 = 1/16 probability
Answer:
$76.51
Step-by-step explanation:
The price after discounting is (1.00 - .35)($110), or 0.65($110) = $71.50.
The price after 7% sales tax has been added in is
(1.00 + 0.07)($71.50) = $76.51.