Answer:
107.50
Step-by-step explanation:
Given the following :
Midpoint (S)____F
S y 93 95 97 99 101 103 105 107 109 111 f 19 25 38 17 12 10 5 4 4 2
Calculating the mean and standard deviation using a calculator :
The mean(m) of the data above = 98.12
Standard deviation (sd) = 4.02
Proportion = 99% of population
From z table = 2.33
Using :
Zscore =(x - m) / sd
2.33 = (x - 98.12) / 4.02
2.33 * 4.02 = x - 98.12
9.3666 = x - 98.12
9.3666 + 98.12= x
x = 107.4866
X = 107.50
Y = -3(2) +22
Y = -6 +22
Y = 16
11.25/375 = 0.03 which is 3%
The formula is
A=p (1+r)^t
A future value?
P present value 160000
R interest rate 0.16
T time 3years
A=160,000×(1+0.16)^(3)
A=249,743.36
Use that future value to find the present value at a rate 8% compounded annually
To find p (present value) solve the formula for p
P=A÷ (1+r)^t
Where r is 0.08
P=249,743.36÷(1+0.08)^(3)
p=198,254.33
