The correct answer is C. Hope this helps.
Ok any more details or is that the question?
The answer is b hope this helps
Answer:
Step-by-step explanation:
a) The amount of concern is ...
(total interest)/(number of payments) = interest/payment
$14,644.95/120 ≈ $122.04 . . . . amount of interest per payment
__
b) The ratio of concern is ...
(total interest)/(total payments) × 100% = 14,644.95/39,644.95 × 100%
≈ 36.94% . . . . percent of total payments that is interest
Answer:
And we can find this probability with the normal standard distirbution or excel and we got:
Step-by-step explanation:
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".
Solution to the problem
Let X the random variable that represent the lenghts of a population, and for this case we know the distribution for X is given by:
Where
and
We are interested on this probability
And 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:
And we can find this probability with the normal standard distirbution or excel and we got: