Answer:
And if we solve for a we got
Step-by-step explanation:
Previous concepts
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".
Solution to the problem
Let X the random variable that represent the hourly rates of a population, and for this case we know the distribution for X is given by:
For this part we want to find a value a, such that we satisfy this condition:
(a)
(b)
Both conditions are equivalent on this case. We can use the z score again in order to find the value a.
As we can see on the figure attached the z value that satisfy the condition with 0.80 of the area on the left and 0.20 of the area on the right it's z=0.842. On this case P(Z<0.842)=0.8 and P(z>0.842)=0.20
If we use condition (b) from previous we have this:
But we know which value of z satisfy the previous equation so then we can do this:
And if we solve for a we got
Answer:
It's A.
Step-by-step explanation:
The length of the major axis is a + b where a and b are the distances from each focus to any point on the ellipse.
Answer:
1) $30,821 ( loan balance after 3 months in )
2) 8.56%
Step-by-step explanation:
Final Amount of compound interest: A = P ( 1 + i ) ^ n
p = principal = $30,000
r = interest rate = 11.41% = 0.1141
n = number of years
1) Loan balance after 3 months
n = 3/12 = 0.25 years
A = 30,000 ( 1 + 0.1141 ) ^ 0.25
= $30,821 ( loan balance after 3 months in )
2) Loan Balance after 1 year
A = 30,000 ( 1 + 0.1141 ) ^ 1
= $33423
interest on loan = 33423 - 30,000 = $3423
percentage of $40,000 is $3423
= 3423 / 40,000 * 100
= 8.56%
D. 4 This is where the exponential line on the graph hits the y axis.