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Zolol [24]
3 years ago
5

Walt made an extra $7000 last year from a part-time job. He invested part of the money at 10% and the rest at 7%. He made a tota

l of $580 in interest. How much was invested at 7%?Select one:
Mathematics
1 answer:
Sergeu [11.5K]3 years ago
8 0
We know that
Interest= PNR/ 100.
where P is the principal
R is the rate of Interest
 N is the no of years the sum has been invested for. 
Since N  is not given we assume that to be 1
Therefore we have 
10x /100 + (7000 -x)*7/100= 580

Multiplying both sides by 100
10x+(7000-x)*7 = 58000
simplifying
10x+ 49000 - 7x = 58000
3x = 58000-49000
3x = 9000
x= 3000
 therefore the sum of money invested at 7% = 7000 - 3000 = 4000



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Answer:

1) 80% CI: [3.04; 3.26]gr

d= 0.11

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Step-by-step explanation:

Hello!

The study variable of this experiment is:

X: the weight of a hummingbird. (gr)

And it has a normal distribution, symbolically: X~N(μ;σ²)

And (I hope I got it correctly) its population standard deviation is σ= 0.33

There was a sample of n= 15 hummingbirds taken, its sample mean X[bar]= 3.15 gr

1) You need to construct an 80% Confidence Interval for the population mean of the hummingbird's weight.

Since the study variable has a normal distribution, you can use either the standard normal distribution or the Student's t distribution. Both are useful to estimate the population mean. Since the population standard variance is known, the best choice is the Standard normal.

Z= <u> X[bar] - μ </u>~ N(0;1)

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2) You need to calculate a sample size for a 80% Confidence interval for the average weight of the hummingbirds with a margin of error of d= 0.08

As I said before, the margin of error is half the amplitude of the interval, the formula you use to estimate the population mean has the following structure:

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Then the margin of error is:

d= Z_{1- \alpha /2} * (σ/√n)

Now what you have to do is rewrite the formula based on the sample size

d= Z_{1- \alpha /2} * (σ/√n)

\frac{d}{Z_{1- \alpha /2}}= σ/√n

√n * \frac{d}{Z_{1- \alpha /2}}= σ

√n = σ * \frac{Z_1- \alpha /2}{d}

n = (σ * \frac{Z_1- \alpha /2}{d})²

n=  (0.33 * \frac{1.28}{0.08})²

n= 27.8784 ≅ 28 hummingbirds.

I hope it helps!

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