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Alekssandra [29.7K]
3 years ago
14

A student wants to save $8000 for college in 5 years. How much should be put into an account that pays 5.2% annual interest comp

ounded continuously?
Mathematics
1 answer:
Ainat [17]3 years ago
7 0
If compounding annually, the student will need to put $6,208.85 into the account.
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A particular psychological test is used to measure need for achievement. The average test score for all university students in O
Angelina_Jolie [31]

Answer:

Only B and C are always true.

Step-by-step explanation:

To analyse which statements are always true, we go through the process of finding confidence intervals for sample means, from the start.

Confidence Interval = (Sample mean) ± (Margin of error)

From this expression, it is evident that the margin of error determines how wide the confidence interval would be.

Sample Mean = 110 (given)

Margin of Error = (Critical value) × (Standard deviation of the distribution of sample means)

Since no information about the population standard deviation is provided, the critical value is obtained using t-distribution.

The critical value usually varies at different confidence levels and degree of freedoms.

The higher the confidence level, the higher the critical value and the higher the margin of error leading to a wider range.

Hence, a confidence interval of 95% will have a higher critical value than a confidence interval of 90%. Hence, statement C is proved once that 'for n = 100, the 95% confidence interval will be wider than the 90% confidence interval'.

After obtaining the critical value, we then obtain the standard deviation of the distribution of sample means or simply the standard error of the mean. This is given as

σₓ = σ/√n

where σ = standard deviation; which isn't given. The standard deviation might be high enough to guarantee that the Margin of error is high too for the confidence interval to contain 115 or low enough to ensure that the Margin of error is very small and the confidence interval will not contain 115.

Or the sample size might be high enough to make the standard error of the mean to be eventually small and lead to a small margin of error and the condidence interval will not contain 115.

The point is, it isn't always sure that the resulting interval.would contain 115. So, statement A isn't always true.

Then from σₓ = σ/√n,

n = sample size, a large sample size means a more narrow confidence interval and a small sample size means a wider sample size. This proves statement C.

The 95% confidence interval for n = 100 will be more narrow than the 95% confidence interval for n = 50.

Hence, Only B and C are always true.

Hope this Helps!!!

5 0
3 years ago
Find the missing side of the triangle
Katena32 [7]

\\ \sf\longmapsto sin\theta=\dfrac{Perpendicular}{Hypotenuse}

\\ \sf\longmapsto sin74=\dfrac{n}{40}

\\ \sf\longmapsto n=40sin74

\\ \sf\longmapsto n=35(0.96)

\\ \sf\longmapsto n=38.4

7 0
2 years ago
There were 10 bunches of roses and tulips. Each bunch had 5 of the same flowers. There were 2 more bunches of tulips than roses.
____ [38]

Answer:

7

Step-by-step explanation:

6 0
3 years ago
Can someone answer all those questions for me? Thank you so so much! :)))
xxTIMURxx [149]
Do your hw pls no cheat
4 0
3 years ago
In the ocean, a whale is swimming at an elevation of −30 feet. A ray is swimming at an elevation of −12 feet. What is the differ
Elza [17]

Answer:

  18 feet

Step-by-step explanation:

The difference in elevations is ...

  -12 -(-30) = -12 +30 = 30 -12 = 18 . . . feet

The ray is 18 feet above the whale.

5 0
2 years ago
Read 2 more answers
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