Misha and Dontavious were asked to solve the following problem using linear programming. A local school district can operate a l
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Answer:
<em>Mrs. Adams will earn $3,120 of interest at the end of year 8.</em>
Step-by-step explanation:
<u>Simple Interest</u>
In simple interest, the money earns interest at a fixed rate, assuming no new money is coming in or out of the account.
We can calculate the interests earned by an investment of value A in a period of time t, at an interest rate r with the formula:
Mrs. Adams deposited an amount of A=$12,000 into an account that earns an annual simple interest rate of r=3.25%. We must find the interest earned in t=8 years. The interest rate is converted to decimal as:
The interest is then calculated:
Mrs. Adams will earn $3,120 of interest at the end of year 8.
Using the <em>normal distribution and the central limit theorem</em>, it is found that there is a 0.1335 = 13.35% probability that 100 randomly selected students will have a mean SAT II Math score greater than 670.
<h3>Normal Probability Distribution</h3>In a normal distribution with mean and standard deviation
, the z-score of a measure X is given by:
- It measures how many standard deviations the measure is from the mean.
- After finding the z-score, we look at the z-score table and find the p-value associated with this z-score, which is the percentile of X.
- By the Central Limit Theorem, the sampling distribution of sample means of size n has standard deviation
.
In this problem:
- The mean is of 660, hence
.
- The standard deviation is of 90, hence
.
- A sample of 100 is taken, hence
.
The probability that 100 randomly selected students will have a mean SAT II Math score greater than 670 is <u>1 subtracted by the p-value of Z when X = 670</u>, hence:
By the Central Limit Theorem
has a p-value of 0.8665.
1 - 0.8665 = 0.1335.
0.1335 = 13.35% probability that 100 randomly selected students will have a mean SAT II Math score greater than 670.
To learn more about the <em>normal distribution and the central limit theorem</em>, you can take a look at brainly.com/question/24663213