I’m having a hard time with this. Is this a typo by the teacher or should I actually be looking for a size?
1 answer:
Step-by-step explanation:
There are 12 games in the population. You need to use a random number generator to choose 2 of these games.
RandomSample[{1,2,3,4,5,6,7,8,9,10,11,12},2]
Let's say the first sample you get is {1,5}. That corresponds to game times of 8 minutes and 7 minutes. The mean game time for that sample is 7.5 minutes. So the first row in your table would be:
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Answer:
The balance of account at the end of 36 years is $31,849.29
Step-by-step explanation:
We are given the following in the question:
P = $3,300
r = 6.5% = 0.065
t = 36 years
The compound interest is given by:
where A is the amount, p is the principal, r is the interest rate, t is the time in years and n is the nature of compound interest.
Since interest is compounded annualy we use n = 1
Thus, balance of account at the end of 36 years is $31,849.29