Which operations are commutative and
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Mr. and Mrs. Bailey need to invest $2906.50 so as to send their son to college.
<h3>Compound interest</h3>Compound interest is given by:
where A is the amount after t years, P is initial amount, r is the rate and n is the times compounded per period
Given that n = 1, r = 9% = 0.09, A = $7500 t = 11. Hence:
Mr. and Mrs. Bailey need to invest $2906.50 so as to send their son to college.
Find out more on Compound interest at: brainly.com/question/24924853
Answer:
a. 97.72% of the observations are less than 33
b. Approximately 977 observations are less than 33.
Step-by-step explanation:
Normal Probability Distribution:
Problems of normal distributions can be solved using the z-score formula.
In a set with mean and standard deviation
, the z-score of a measure X is given by:
The Z-score 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. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the p-value, we get the probability that the value of the measure is greater than X.
Mean of 25 and a standard deviation of 4.
This means that
a. Approximately what percentage of the observations are less than 33?
The proportion is the p-value of Z when X = 33. So
has a p-value of 0.9772
0.9772*100% = 97.72%
97.72% of the observations are less than 33.
b. Approximately how many observations are less than 33?
Out of 1000:
0.9772*1000 = 977.2
Approximately 977 observations are less than 33.