(-2/3)(1 2/5)(-1 5/7)
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The principal loan amount will be 250000. P is denoted by the principal loan amount
<h3> What is the amount?</h3>The complete repayment of money at the end of the period for which it was borrowed is referred to as the amount.
The given data in the problem is;
P is the principal loan amount
r is the rate of interest = 2.49%
n is the time period= of 30 years
The formula for the principal loan amount is found as;
Hence the principal loan amount will be 250000.
To learn more about the amount, refer to the link;
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According to the Central Limit Theorem, the distribution of the sample means is approximately normal, with the mean equal to the population mean (1.4 flaws per square yard) and standard deviation given by:
The z-score for 1.5 flaws per square yard is:
The cumulative probability for a z-score of 1.11 is 0.8665. Therefore the probability that the mean number of flaws exceeds 1.5 per square yard is
1 - 0.8665 = 0.1335.
The z-score for 1.5 flaws per square yard is:
The cumulative probability for a z-score of 1.11 is 0.8665. Therefore the probability that the mean number of flaws exceeds 1.5 per square yard is
1 - 0.8665 = 0.1335.