3 years ago

City Bank offers 4% simple interest on deposits. County Bank offers 3% interest compounded annually.

Mathematics

1 answer:

lianna [129]3 years ago

8 0

The answer is 299.74

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Use the given values of n= 93 and p= 0.24 to find the minimum value that is not significantly low, μ- 2σ , and the maximum val

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Answer:

The answer is "Option a".

Step-by-step explanation:

$n= 93 \\\\p= 0.24\\\\\mu=?\\\\ \sigma=?\\\\$

Using the binomial distribution: $\mu = n\times p = 93 \times 0.24 = 22.32\\\\\sigma = \sqrt{n \times p \times (1-p)}=\sqrt{93 \times 0.24 \times (1-0.24)}=4.1186$

In this the maximum value which is significantly low, $\mu-2\sigma$ , and the minimum value which is significantly high, $\mu+2\sigma$ , that is equal to: