Answer:
3
Step-by-step explanation:
Answer:
a) 0.383
b) 0.375
Step-by-step explanation:
a) Calculate each z-score.
z = (x − μ) / σ
z₁ = (112 − 118) / 12 = -0.5
z₂ = (124 − 118) / 12 = 0.5
Use a calculator or z-score table to find the probability.
P(-0.5 < Z < 0.5) = 0.6915 − 0.3085 = 0.383
b) 0.383 × 16 ≈ 6. So the expected proportion would be 6/16 = 0.375.
In 5 years, the investment will be worth 5000(1 + 0.12)^5 + 5000(1 + 0.02/2)^(5 * 2) = 5000(1.12)^5 + 5000(1.01)^10 = 8811.71 + 5523.11 = $14,334.82
Adjustments to income<span> are expenses that reduce your total, or gross, </span>income<span>. You enter </span>income adjustments<span> directly onto Form 1040 of your tax return. The amount remaining </span>after<span> deducting these expenses is "</span>adjusted<span> gross </span>income<span>."</span>