Answer:
Its C
Step-by-step explanation:
We solve the question as follows:
Simple interest=Principle×Rate×Time
Thus given:
p=$55000, R=2.5%, time= 1 year
thus
Interest=55000×0.025×1=$1375
To evaluate the amount required to keep up with the inflation, your interest rate should match the inflation rate otherwise prices are going up faster than the savings.
Required interest rate=55000×0.034×1=$1870
The buying power lost will be the difference between your required interest and actual interest.
Thus:
Buying power lost=1870-1375=$495
Answer:
Confidence Interval in 95% confidence level for the quality rating is (6.06,7.46)
Step-by-step explanation:
Confidence Interval can be calculated using the formula M±ME where
- M is the mean of the sample
- ME is the margin of error in a given confidence level
Using the sample obtained from 50 business travelers we get
- Mean of the sample is 6.76
- standard deviation of the sample is 2.526
Margin of error (ME) around the mean using the formula
ME=
where
- z is the corresponding statistic in 95% confidence level (1.96)
- s is the standard deviation of the sample (2.526)
- N is the sample size (50)
Using the numbers in the formula we get:
ME=
≈ 0.70
Then the confidence interval becomes 6.76±0.70
Answer:
30
Step-by-step explanation:
N/-2=-15
N= -15 times -2
N= 30
The 6 terms of the series are
... 15, 14, 13, 12, 11, 10
The sum of them is 75.
_____
You could make use of the formula for the sum of the terms, or you could work out the sum from the given expression. It is easier just to list the terms and and them up.