Find the interest rate r given I=$ 56,P=450 and t = 6 years , round your answer to the nearest

Mathematics

1 answer:

m_a_m_a [10]3 years ago

5 0

Answer:

0.163

Step-by-step explanation:

P = I (1 + r)ᵗ

450 = 56 (1 + r)⁶

8.036 = (1 + r)⁶

log₆ 8.036 = 1 + r

log 8.036 / log 6 = 1 + r

1.163 = 1 + r

r = 0.163

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Wewaii [24]

Answer:

Step-by-step explanation:

f(x) = 4^x,

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3 years ago

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Suppose the number of residents within five miles of each of your stores is asymmetrically distributed with a mean of 25 thousan

ohaa [14]

Answer:

$P(\bar X\:>27.8\:thousand)=3.07\%$

Step-by-step explanation:

Since the number of residents within five miles of each of your stores is asymmetrically distributed, the distribution of the sample means will be approximately normal with a mean of 25 thousand.

The standard deviation of the sample means is:

$\sigma_X=\frac{\sigma}{\sqrt{n} }$

$\implies \sigma_X=\frac{10.6}{\sqrt{50} }=1.4991$

The z value is $z=\frac{\bar X-\mu}{\frac{\sigma}{\sqrt{n}} }$

We plug in the values to get:

$z=\frac{27.8-25}{1.4991}=\frac{2.8}{1.4991}=1.87$

The area to the right of 1.87 is $1-0.96926=0.03074$ .

The probability that the average number of residents within five miles of each store in a sample of 50 stores will be more than 27.8 thousand is 3.07%

See attachment.