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Complete question :
The average amount that a college student spends on a textbook is $205 with a
standard deviation of $35. What is the probability that a student spends:
A. between $10 and $310?
Answer:
0.999
Step-by-step explanation:
Mean, m = 205 ; Standard deviation, s = 35
Z = (x - m) / s
x = 310
Z = (310 - 205) / 35 = 3
P(z < 3) = 0.99865
x = 10
Z = (10 - 205) / 35 = - 5.57
P(Z < - 5.5)
P(z < 3) - P(z < - 5.5)
0.99865 - 0
= 0.999
Answer:
A
Step-by-step explanation:
It may look like it failed but it didn't. Nun of the points duplicate
Answer:
$25,193.17
Explanation:
Given:
• Principal Felipe borrowed, P=$8000
,
• Annual Interest Rate, r=16.5%=0.165
,
• Compounding Period, k=12 (Monthly)
,
• Time, t=7 years
We want to determine how much he will owe after 7 years.
In order to carry out this calculation, use the compound interest formula below:
Substitute the values defined above:
Finally, simplify and round to the nearest cent.
After 7 years, Felipe will owe $25,193.17.
