Answer:
Step-by-step explanation:
1) 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 Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".
Let X the random variable that represent the scores, and for this case we know the distribution for X is given by:
And let
represent the sample mean, the distribution for the sample mean is given by:
On this case
2) Calculate the probability
We want this probability:
The best way to solve this problem is using the normal standard distribution and the z score given by:
If we apply this formula to our probability we got this:
Answer:
The number is 58.8
Step-by-step explanation:
Let
x -----> the number
we know that
The number 98 represent the 100%
so
using proportion
Find out what number represent the 60% of 98

Answer:
So, the present accumulated value is, $ 49557.69
Step-by-step explanation:
According to the question, payments of $ 670 are being made at the end of each month for 5 years at an interest of 8% compounded monthly. So, present accumulated value, =
$ 
= $ 
$ 49557.69
So, the present accumulated value is, $ 49557.69