Find the present value that will grow to $23,000 if interest is 5% compounded quarterly for 19 quarters.
1 answer:
You might be interested in
Given parameters:
Percentage gain = 300%
Selling cost last year = $2420
Unknown:
Selling cost this year = ?
Solution:
To solve this problem;
Profit percent =
300 =
3 =
S- 2420 = 7260
S = $9680
To make a 300% gain, Jefferson Middle school needs a $9680 from fundraiser sales this year.
Answer:
Step-by-step explanation:
(a)
The sample statistic which is estimated by the population parameter is the sample mean. Moreover it is the best estimate for the population mean.From the information, it is clear that
The sample mean is the best point estimate for the population mean. This clearly indicates that the best point estimate for the population mean is 5.1mg/dl.
(b)
From the information, it is clear that
The degree of freedom is obtained below:
From “Student’s-t Distribution Table”, the required critical value is 2.704 which is lesser than the critical value.
The 99% confidence interval estimate of the mean net change in LDL cholesterol after the garlic treatment is,
(c)
From the information, it is clear that the cholesterol levels were measured and identified whether the garlic treatment affects the LDL cholesterol levels or not.
It is clear that, the 99% confidence interval estimate of the mean net change in LDL cholesterol after the garlic treatment is . By the rejection rule for the confidence interval it is clear that the confidence interval contains 0 which clearly states that the garlic treatments do affect the LDL cholesterol levels.