Mr. Anderson put $1,000 into an account that draws 6.5% interest compounded continually. How much money will be in the account i
n 30 years if he makes no deposits or withdrawals? *
A $ 4,868.8
B $7,028.69
C $6,614.37
D $5,287.65
A $ 4,868.8
B $7,028.69
C $6,614.37
D $5,287.65
2 answers:
You might be interested in
Answer:
Step-by-step explanation:
Given that a popcorn company builds a machine to fill 1 kg bags of popcorn. They test the first hundred bags filled and find that the bags have an average weight of 1,040 grams with a standard deviation of 25 grams.
i.e. Sample mean = 1040 and
Sample std dev s = 25 gm
Sample size n = 100
Hence by central limit theorem we have the sample mean follows a normal distribution with mean =1040 and std dev = s = 25 gm
Normal curve would be with mean 1040 and std deviatin 25
b) P(X>1115)
= 1-0.9987
=0.0013
i.e. 0.13% would receive a bag that had a weight greater than 1115 grams