5000 for 5 years at 3.6% compounded monthly
1 answer:
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Answer by JKismyhusbandbae: x < - 4 or x > 16
(Work is in picture)
Answer:
a)
b) 38.49% of the population is between 19 and 25.
c) 34.46% of the population is less than 17.
Step-by-step explanation:
Problems of normally distributed samples can be solved using the z-score formula.
In a set with mean and standard deviation
, the zscore of a measure X is given by
After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X. If we need to find the probability that the measure is larger than X, it is 1 subtracted by this pvalue.
For this problem, we have that
A normal population has a mean of 19 and a standard deviation of 5, so .
(a) Compute the z value associated with 25
This is Z when
(b) What proportion of the population is between 19 and 25?
This is the pvalue of Z when subtracted by the pvalue of Z when
.
X = 25 has , that has a pvalue of 0.8849.
X = 19 has , that has a pvalue of 0.5000.
So 0.8849-0.500 = 0.3849 = 38.49% of the population is between 19 and 25.
(c) What proportion of the population is less than 17?
This is the pvalue of Z when
has a pvalue of 0.3446.
This means that 34.46% of the population is less than 17.
ANSWER
to the nearest hundredth.
EXPLANATION
We have the equation,
Which can be rewritten as
The question demands the use of the quadratic formula.
Comparing this to the general quadratic equation;
The quadratic formula is given by;
We now substitute all the values in to the formula;
We simplify to obtain;
We now split the plus or minus sign to obtain;
This implies that;
Or
This will evaluate to;
Hence, the positive solution rounded to the nearest hundredth is