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gtnhenbr [62]
3 years ago
13

Plz show your work

Mathematics
1 answer:
DENIUS [597]3 years ago
8 0

Answer:

\$20,864.52  

Step-by-step explanation:

we know that

The formula to calculate continuously compounded interest is equal to

A=P(e)^{rt}  

where  

A is the Final Investment Value  

P is the Principal amount of money to be invested  

r is the rate of interest in decimal  

t is Number of Time Periods  

e is the mathematical constant number

we have  

t=11\ years\\ P=\$15,000\\ r=3\%=3/100=0.03  

substitute in the formula above

A=15,000(e)^{0.03*11}  

A=15,000(e)^{0.33}  

A=\$20,864.52  

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Here s and x are calculated from calculator.
Now,
for significance level
1-α=90%
1-α=0.9
α=0.1
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As population variances are unknown for both Male and female so the best suitable formula is

    (x₁ - x₂) ± tα/2,v₁ * \sqrt{ \frac{s_1^2 }{n_1} + \frac{s_2^2}{n_2} }
   ........1

where v(degree of fredom)=(s₁²/n₁+s₂²/n₂)² / ((s₁²/n₁)²/n₁-1)+(s₂²/n₂)²/n₂-1))
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From Statistics table,
      See the t table at α/2=0.05  and v=3.81026
use interpolation as v value is not in the table,
      3.81026-3/4-3 = x-3.182/2.776-3.182
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by putting values in eq. 1 we get
  
(60.666-58.333) ± (2.853)*\sqrt{ \frac{35.005^2 }{3} + \frac{43.924^2}{3} }      

  2.333 ± 92.516 is the correct answer.


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