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jok3333 [9.3K]
3 years ago
14

The amount that results when $4,000 is compounded at 6% annually over seven years.

Mathematics
1 answer:
dimulka [17.4K]3 years ago
8 0
The formula is
A=p (1+r)^t
A future value?
P present value 4000
R interest rate 0.06
T time 7 years
A=4,000×(1+0.06)^(7)
A=6,014.52

Interest earned=A-p
6,014.52−4,000=2,014.52

Hope it helps!
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A recent Gallup poll found that 36% of U.S. teens aged from 13 to 17 years old have a computer with [(6)] Internet access in the
In-s [12.5K]

Answer:

Step-by-step explanation:

a) The population parameter is the population proportion.

b) Confidence interval is written as

Sample proportion ± margin of error

Margin of error = z × √pq/n

Where

z represents the z score corresponding to the confidence level

p = sample proportion. It also means probability of success

q = probability of failure

q = 1 - p

p = x/n

Where

n represents the number of samples

x represents the number of success

From the information given,

n = 1028

p = 36/100 = 0.36

q = 1 - 0.36 = 0.64

To determine the z score, we subtract the confidence level from 100% to get α

α = 1 - 0.99 = 0.1

α/2 = 0.01/2 = 0.005

This is the area in each tail. Since we want the area in the middle, it becomes

1 - 0.05 = 0.995

The z score corresponding to the area on the z table is 2.58. Thus, confidence level of 99% is 2.58

Therefore, the 99% confidence interval is

0.36 ± 2.58 × √(0.36)(0.64)/1028

The lower limit of the confidence interval is

0.36 - 0.039 = 0.321

The upper limit of the confidence interval is

0.36 + 0.039 = 0.399

Therefore, with 99% confidence interval, the proportion of U.S. teens aged from 13 to 17 years old that have a computer with Internet access in their rooms is between 0.321 and 0.399

c) for a margin of error of 1%, that is 1/100 = 0.01, then

0.01 = 2.58 × √(0.36)(0.64)/n

0.01/2.58 = √0.2304/n

0.00387596899 = √0.2304/n

Square both sides

0.00001502314 = 0.2304/n

n = 0.2304/0.00001502314

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3 years ago
2x+9=3(4x-7) help show work
ivann1987 [24]

Answer:

2x+9=12x-21

-2.      -2

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Step-by-step explanation:

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3 years ago
A drug company conducts trials of a new vaccine for a rare but usually fatal disease. The company creates a
GalinKa [24]

Answer:

What can be said about the model are;

1) The company predicts 4 failures before success

2) Each trial is independent

3) The probability is the same for each trial

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The probability of success for the vaccine, p = 0.2

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The geometric model criteria are;

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b) The probability of success for each trial is fixed

c) The geometric distribution is concerned with finding how many trials are required to get one success

d) The trials are independent

Therefore, we have;

The number of failures the company predicts before a success = 4 failures

2) The trials are independent

3) Each trial has an equal probability

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