Find the simple interest earned after 5 years on $1200 invested at 2% annual interest rate

Bones Brothers & Associates prepare individual tax returns. Over prior years, Bones Brothers have maintained careful records

madreJ [45]

Answer:

For this case we have the following info related to the time to prepare a return

$\mu =90 , \sigma =14$

And we select a sample size =49>30 and we are interested in determine the standard deviation for the sample mean. From the central limit theorem we know that the distribution for the sample mean $\bar X$ is given by:

$\bar X \sim N(\mu, \frac{\sigma}{\sqrt{n}})$

And the standard deviation would be:

$\sigma_{\bar X} =\frac{14}{\sqrt{49}}= 2$

And the best answer would be

b. 2 minutes

Step-by-step explanation:

Previous concepts

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

The central limit theorem states that "if we have a population with mean μ and standard deviation σ and take sufficiently large random samples from the population with replacement, then the distribution of the sample means will be approximately normally distributed. This will hold true regardless of whether the source population is normal or skewed, provided the sample size is sufficiently large".

Solution to the problem

For this case we have the following info related to the time to prepare a return

$\mu =90 , \sigma =14$

And we select a sample size =49>30 and we are interested in determine the standard deviation for the sample mean. From the central limit theorem we know that the distribution for the sample mean $\bar X$ is given by:

$\bar X \sim N(\mu, \frac{\sigma}{\sqrt{n}})$

And the standard deviation would be:

$\sigma_{\bar X} =\frac{14}{\sqrt{49}}= 2$

And the best answer would be

b. 2 minutes

3 0

2 years ago

Which of the following tables represents a proportional relationship?

oksian1 [2.3K]

The correct answer is the second from the top.

5 0

3 years ago

Helppppppp pleaseeeeee

LenKa [72]

Answer:

4

Step-by-step explanation:

5 0

2 years ago

In an aquarium, there are 10 large fish and 5 small fish. Half of the large fish are red. One fish is selected at random. Find t

valkas [14]

Large fish:10
Small fish: 5
Total: 15
Large fish with red: 5
Probability: 5/15 or 1/3 or 33.333333%

Please mark brainliest if this helped
Thank you

6 0

2 years ago

If 43 photocopies cost $25.80, how much does one photocopy cost

juin [17]

each photocopie cost .60 cents

8 0

2 years ago