The adult admission price to the amusement park increased from $35 last year to $42 this year.what is the rate of inflation?
1 answer:
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Answer:
$203.02
Step-by-step explanation:
Since the bank in question compounds interest continuously, the following equation should be used to determine the final balance (B) in April's account:
Where "e" is a mathematical constant approximated as 2.7183, "i" is the interest rate (1.5%) and "t" is the investment time in years (1):
April's balance would be $203.02 after one year.
The probability that a randomly selected runner has a time less than or equal to 3 hours and 20 minutes is 0.16 or 16%.
Normally distributed data is the distribution of probability which is symmetric about the mean.
The mean of the data is the average value of the given data.
The standard deviation of the data is the half of the difference of the highest value and mean of the data set.
The times of the runners in a marathon are normally distributed, with
- Mean of 3 hours and 50 minutes
- Standard deviation of 30 minutes.
Refere the probabiliity table attached below. The probability of Z being inside the 1 Standard daviation of mean is 0.84.
The probability of runner selected with time less than or equal to 3 hours and 20 minutes,
Thus, the probability that a randomly selected runner has a time less than or equal to 3 hours and 20 minutes is 0.16 or 16%.
Learn more about the normally distributed data here;
