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ch4aika [34]
3 years ago
14

Anyone? please? i need help, i dont understand how to do this

Mathematics
1 answer:
Afina-wow [57]3 years ago
8 0

Answer:

a. A(0) is $2500 and A(10) is $3700.61

b. The beginning value and the value after ten years

c. 17.673 years

d. That after roughly 17 and a half years, his investment will be doubled.

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Suppose monthly rental prices for a one-bedroom apartment in a large city has a distribution that is skewed to the right with a
omeli [17]

Answer:

a) Nothing, beause the distribution of the monthly rental prices are not normal.

b) 1.43% probability that the sample mean rent price will be greater than $900

Step-by-step explanation:

To solve this question, we need to understand the normal probability distribution and the central limit theorem.

Normal probability distribution

Problems of normally distributed samples are solved using the z-score formula.

In a set with mean \mu and standard deviation \sigma, the zscore of a measure X is given by:

Z = \frac{X - \mu}{\sigma}

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 pvalue, we get the probability that the value of the measure is greater than X.

Central Limit Theorem

The Central Limit Theorem estabilishes that, for a random variable X, with mean \mu and standard deviation \sigma, the sample means with size n of at least 30 can be approximated to a normal distribution with mean \mu and standard deviation s = \frac{\sigma}{\sqrt{n}}

(a) Suppose a one-bedroom rental listing in this large city is selected at random. What can be said about the probability that the listed rent price will be at least $930?

Nothing, beause the distribution of the monthly rental prices are not normal.

(b) Suppose a random sample 30 one-bedroom rental listing in this large city will be selected, the rent price will be recorded for each listing, and the sample mean rent price will be computed. What can be said about the probability that the sample mean rent price will be greater than $900?

Now we can apply the Central Limit Theorem.

\mu = 880, \sigma = 50, n = 30, s = \frac{50}{\sqrt{30}} = 9.1287

This probability is 1 subtracted by the pvalue of Z when X = 900.

Z = \frac{X - \mu}{\sigma}

By the Central Limit Theorem

Z = \frac{X - \mu}{s}

Z = \frac{900 - 880}{9.1287}

Z = 2.19

Z = 2.19 has a pvalue of 0.9857

1 - 0.9857 = 0.0143

1.43% probability that the sample mean rent price will be greater than $900

8 0
3 years ago
The last part is function but need help asap
quester [9]
It would be the top one
4 0
3 years ago
Find the circumference of the circle in terms of pi. radius is 39 inches.
Alenkinab [10]
78pi in is the answer.
5 0
3 years ago
Read 2 more answers
Find the value of 21.03 + 80.4 - 21.03 ​
astraxan [27]

Answer:

80.4

Step-by-step explanation:

21.03 + 80.4 - 21.03

21.03 - 21.03  cancel each other out because it equals 0.

The equation becomes 0 + 80.4 = 80.4

7 0
3 years ago
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Last​ month, Stephen neighbors paid him to take care of their fish when they went on vacation. HeHe spent ​$5 of his earnings on
Ira Lisetskai [31]

Answer:

Stephen's neighbors paid Stephen no more that $28.

Step-by-step explanation:

Given:

Stephen spent $5 of his earnings on snack.

He spent $17 in a new book.

He is left with no more than $6 left.

To describe how much Stephen's neighbors paid him.

Solution:

Let Stephen's earnings in dollars be = x

Amount left after spending on snacks in dollars = x-5

Amount left after spending on a new book in dollars = x-5-17 = x-22

The amount remaining is no more than $6.

Thus, the inequality representing the situation can be given as:

x-22\leq6

Solving for x

Adding 22 both sides.

x-22+22\leq6+22

x\leq 28

Thus, Stephen's neighbors paid Stephen no more that $28.

3 0
3 years ago
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