Answer:
x = 60
Step-by-step explanation:
The question is asking
$14,700 * (1 - 8%)^x = $100
$14,700 * (1 - 0.08)^x = $100
$14,700 * (0.92)^x = $100
(0.92)^x = $100/$14,700
log(0.92^x) = log($100/$14,700)
x * log(0.92) = log(0.0068027)
x = log(0.0068027)/log(0.92)
x = 59.85
Since this question is asking in terms of years, we always round up (in this case to 60), as it won't fully be worth $100 by the beginning of the 59th year.
Answer:
your answer is 0.111111....
Step-by-step explanation:
hope it helps
Answer: (a). 99 percent of the sample proportions results in a 99% confidence interval that includes the population proportion.
(b). 1 percent of the sample proportions results in a 99% confidence interval that does not include the population proportion.
Step-by-step explanation:
(a). 99 percent of the sample proportions results in a 99% confidence interval that includes the population proportion.
Explanation: If multiple samples were drawn from the same population and a 99% CI calculated for each sample, we would expect the population proportion to be found within 99% of these confidence intervals.
(b). 1 percent of the sample proportions results in a 99% confidence interval that does not include the population proportion.
Explanation: The 99% of the confidence intervals includes the population proportion value, it means, the remaining (100% – 99%) 1% of the intervals does not includes the population proportion.
If multiple samples were drawn from the same population and a 99% CI calculated for each sample, we would expect the population proportion to be found within 99% of these confidence intervals and 1 percent of the sample proportions results in a 99% confidence interval that does not include the population proportion.
Answer:
-1 -2 -3 -4 -5 -6 -7 -8 -9 -10 1:2
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