25. Divide.
1 answer:
You might be interested in
Using the Central Limit Theorem, the correct option is:
(c) Average number of miles put on a rental car per day across 25 customers.
--------------------------
The Central Limit Theorem states that, for a normally distributed variable X, with mean and standard deviation
, the sample means of size m are approximated to a normal distribution with mean
and standard deviation
.
- The interpretation related to this problem is that the larger the sample size, the smaller the standard deviation.
- Thus, among the options, the largest sample is 25, thus, option c will have the smallest standard deviation.
A similar problem is given at brainly.com/question/23088374
Answer:
The monthly payment for the loan amount for 20 years is $806.167
Step-by-step explanation:
The principal loan amount= $ 50,000
The rate of interest = 7 %
the time period of loan = 20 years = 20 × 12 = 240 months
let the amount after 20 years = $ A
<u>From Compounded method</u>
Amount = Principal ×
or, A = 50,000 ×
or, A = 50,000 ×
Or, A = 50,000 × 3.8696
∴ Amount = $ 193,480
So, The amount after 20 years = $ 193,480
The monthly payment amount = $ = $ 806.167
Hence The monthly payment for the loan amount for 20 years is $806.167 Answer