Answer:
the question is cut in half
Answer:
18 hours
Step-by-step explanation:
We have to calculate how much money has to be invested at 2.3% interest compounded continuously to achieve $41,000 after 17 years. The formula is: A = P * ( 1 + r )^t, where A = $41,000, r = 0.023 and t = 17. 41,000 = P * ( 1 + 0.023 ) ^17; 41,000 = P * ( 1.023 )^17; 41,000 = P * 1.4719; P = 41,000 : 1.4719; P = 27,855.15. Answer: It has to be invested <span>$27,855. </span>
Answer:
95.44%
Step-by-step explanation:
Mean (m) = 48
Standard deviation (sd) = 9
n = 12
Zscore = (x - m) /sd
X = 30
Zscore = (30 - 48) / 9
Zscore = - 2
X = 66
Zscore = (66 - 48) / 9
Zscore = 2
percentage of daily phone calls numbering between 30 and 66 = P(z < 2) - p(z < - 2)
P(z < 2) = 0.9772
P(z < - 2) = 0.0228
Hence,
0.9772 - 0.0228 = 0.9544
0.9544 * 100% = 95.44