These ones always confuse me.
1 answer:
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<u>Answer:</u>
The available amount for the down payment of car and invested $3,200 at 3.75% interest compounded continuously is 3449.23$
<u>Explanation:</u>
We know final amount is given by
Where,
A = final amount
P = initial principal balance = $3200
r = interest rate = 3.74%
t = number of time periods elapsed = 2 years
Substituting the values in the formula
A=
We know, e = 2.72
So we get A = 3449.23$ which is the available amount for the down payment of car .
Answer:
Probability that the proportion in our sample of red candies will be less than 20% is 0.5 .
Step-by-step explanation:
We are given that 20% of the candy produced are red. A random sample of 100 bags of Skittles is taken.
The distribution we can use here is;
~ N(0,1)
where, p = 0.20 and n = 100
Let = proportion of red candies in our sample
So, P( < 0.20) = P(
<
) = P(Z < 0) = 0.5
Therefore, probability that the proportion in our sample of red candies will be less than 20% is 0.5 .