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Bogdan [553]
4 years ago
15

3000 in 5 years 4% interest compounded 4 times a year . How much money should Tracey deposit

Mathematics
1 answer:
EleoNora [17]4 years ago
5 0
Tracy should deposit 1,369.86 to earn 3,000 in 5 years at 4% interest rate compounded 4 times a year

Given:
Compounded Interest = 3000
Term = 5 year
Frequency = 4 times a year
interest rate = 4%
Principal = unknown. 


C.I = Principal × (1 + rate)^t
3000 = Principal × (1.04⁴)⁵
3000 = Principal × 1.17⁵
3000 = Principal x 2.19
3000/2.19 = Principal
1,369.86 = Principal
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A wheat farmer cuts down the stalks of wheat and gathers them in 200 piles. The 200 gathered piles will be put on a truck. The t
denpristay [2]

Answer:

Check the explanation

Step-by-step explanation:

We want to estimate the total weight of grain on the field based on the data on a simple random sample of 5 piles out of 200. The population and sample sizes are N=200 & n=5 respectively.

1) Let Y_1,Y_2,...,Y_{200} be the weight of grain in the 200 piles and y_1,y_2,...,y_{5} be the weights of grain in the pile from the simple random sample.

We know, the sample mean is an unbiased estimator of the population mean. Therefore,

\widehat{\mu}=\overline{y}=\frac{1}{5}\sum_{i=1}^{5}y_i=\frac{1}{5}(3.3+4.1+4.7+5.9+4.5)=4.5

where \mu is the mean weight of grain for all the 200 piles.

Hence, the total grain weight of the population is

\widehat{Y}=Y_1+Y_2+...+Y_{200}

=200\times \widehat{\mu}\: \: \: =200\times 4.5\: \: \: =900\, lbs

2) To calculate a bound on the error of estimates, we need to find the sample standard deviation.

The sample standard deviation is

 S=\sqrt{\frac{1}{5-1}\sum_{i=1}^{5}(y_i-\overline{y})^2}\: \: \: =0.9486

Then, the standard error of \widehat{Y} is

\sigma_{\widehat{Y}} =\sqrt{\frac{N^2S^2}{n}\bigg(\frac{N-n}{N}\bigg)}\: \: \:=83.785

Hence, a 95% bound on the error of estimates is

[\pm z_{0.025}\times \sigma_{\widehat{Y}}]\: \: \: =[\pm 1.96\times 83.875]\: \: \: =[\pm 164.395]

3) Let x_1,x_2,...,x_5 denotes the total weight of the sampled piles.

Mean total weight of the sampled piles is

\overline{x}=\frac{1}{5}\sum_{i=1}^{5}x_i=45

The sample ratio is

r=\frac{\overline{y}}{\overline{x}}=\frac{4.5}{45}=0.1 , this is also the estimate of the population ratio R=\frac{\overline{Y}}{\overline{X}} .

Therefore, the estimated total weight of grain in the population using ratio estimator is

\widehat{Y}_R\: \: =r\times 8800\: \: =0.1\times 8800\: \: =880\, lbs

4) The variance of the ratio estimator is

var(r)=\frac{N-n}{N}\frac{1}{n}\frac{1}{\mu_x^2}\frac{\sum_{i=1}^{5}(y_i-rx_i)^2}{n-1}   , where \mu_x=8800/200=44lbs

=\frac{200-5}{200}\, \frac{1}{5}\: \frac{1}{44^2}\, \frac{0.2}{5-1}=0.000005

Hence, the standard error of the estimate of the total population is

\sigma_R=\sqrt{X^2 \: var(r)}\: \: \: =\sqrt{8800^2\times 0.000005}\: \: \:=21.556

Hence, a 95% bound on the error of estimates is

[\pm z_{0.025}\times \sigma_{R}]\: \: \: =[\pm 1.96\times 21.556]\: \: \: =[\pm 42.25]

8 0
4 years ago
Read 2 more answers
Nate tosses a ball up a hill for his dog to chase. The path of the ball is modeled by the function y = –14x2 + 335x, where x is
tankabanditka [31]

Answer:

The horizontal distance the ball travels before it hits the ground is 22.\overline{857142} feet

Step-by-step explanation:

The given parameter are;

The function modelling the path of the ball tossed by Nate y = -14·x² + 335·x

x = The horizontal distance the ball travels from Nate in feet

y = The height of the ball in feet

The line equation modelling the hill is y = 15·x

The point where the ball hits the ground is given by the point the graph of the equation for the path of the ball and the path of the model of the line of the hill meet as follows;

Ball path is y = -14·x² + 335·x

Hill path is y = 15·x

The point both paths meet and the ball hits the ground is -14·x² + 335·x = 15·x

Which gives;

-14·x² + 335·x - 15·x = 0

-14·x² + 320·x = 0

320·x - 14·x² = 0

x × (320 - 14·x) = 0

x = 0, or x = 320/14 = 22 6/7 = 22.\overline{857142} feet

Therefore;

The horizontal distance the ball travels before it hits the ground = x = 22.\overline{857142} feet.

3 0
3 years ago
Jack and Sue have summer jobs selling newspaper subscriptions door-to-door, but their compensation plans are different. Jack ear
MAVERICK [17]
If jack sells 3 subscriptions in an hour and sue sells 5 subscriptions in an hour they will both earn $18 per hour
7 0
3 years ago
What is a dot plot and how do you read it?
alukav5142 [94]

Answer:

1,2,4,5,6

Step-by-step explanation:

3 0
3 years ago
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Between which two consecutive integers is each number located on a number line?
nata0808 [166]

Answer:

0 < 0.99 < 1

Step-by-step explanation:

Given

Number = 0.99

Required

Determine the interval which it belongs

The given number is less than 1

i.e.

0.99 < 1

And it is greater than 0.

0.99 > 0

So, the number is located between 0 and 1

i.e.

0 < 0.99 < 1

7 0
3 years ago
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