How many pounds is 2.7 kilograms?
1 answer:
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Answer:
Given that:
The equation for the future value of a deposit earning compound interest is equation:
.....[1]
where,
P = the initial deposit
t = years invested
r = rate at which interest is compounded annually
.
n = number of times the interest is compounded per year
As per the statement:
After 10 years, a $2,000-dollar investment compounded annually has grown to $3600.
⇒P = $2000 and V(t) = $3600
Substitute in [1] we have;
Divide both sides by 2000 we have;
Taking log base 10 both sides we have;
⇒
Divide both sides by 10 we have;
⇒
Simplify":
Subtract 1 from both sides we have;
or
r = 0.06 = 6%
Therefore, 6% is the interest rate to the nearest whole-number percent
Answer:
The minimum sample size required for the estimate is 345.
Step-by-step explanation:
We have that to find our level, that is the subtraction of 1 by the confidence interval divided by 2. So:
Now, we have to find z in the Ztable as such z has a pvalue of .
That is z with a pvalue of , so Z = 1.96.
Now, find the margin of error M as such
In which is the standard deviation of the population and n is the size of the sample.
The standard deviation is known to be 1.8.
This means that
What is the minimum sample size required for the estimate?
This is n for which M = 0.19. So
Rounding up to the next integer:
The minimum sample size required for the estimate is 345.