Answer:
There will be $22,800 left after 6 years
Step-by-step explanation:
4% every year after 6 years = 24% be taken out of 30,000
24% of 30,000 = 7200 so you'll have 22,800 left.
<h3>
Answer: Choice C</h3>
P = 11/40 + 1/4 - 1/20
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Explanation:
The formula we use is
P(A or B) = P(A) + P(B) - P(A and B)
In this case,
- P(A) = 22/80 = 11/40 = probability of picking someone from consumer education
- P(B) = 20/80 = 1/4 = probability of picking someone taking French
- P(A and B) = 4/80 = 1/20 = probability of picking someone taking both classes
So,
P(A or B) = P(A) + P(B) - P(A and B)
P(A or B) = 11/40 + 1/4 - 1/20
which is why choice C is the answer
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Note: P(A and B) = 1/20 which is nonzero, so events A and B are not mutually exclusive.
The confidence interval would be (10.44, 12.16). This means that if we take repeated samples, the true mean lies in 90% of these intervals.
To find the confidence interval, we use:

We first find the z-value associated with this. To do this:
Convert 90% to a decimal: 90% = 90/100 = 0.9
Subtract from 1: 1-0.9 = 0.1
Divide by 2: 0.1/2 = 0.05
Subtract from 1: 1-0.05 = 0.95
Using a z-table (http://www.z-table.com) we see that this is directly between two z-scores, 1.64 and 1.65; we will use 1.645:
So to find percent increase, you want to minus the difference in cost..
1.09- 0.87= .22...
now divide the difference by the original....
.22 ÷ .87 = .25287.....etc
now multiply that by 100...
.25287 × 100 = 25.287
now it says round to the nearest tenth so...
25.29% increase.