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nydimaria [60]
3 years ago
6

Jill invested $20,000 in an account that earned 5.5% annual interest, compounded annually. What is the value of this account aft

er 10 years?
Mathematics
1 answer:
noname [10]3 years ago
7 0

The value of this account in 10 years is given by the formula:

FV = P*(1+r)^t

where FV is the future value in the account after 10 years(to be calculated)

P is the principal invested at the beginning

r is the interest rate and

t is the time horizon in years

Given, Invested Amount (P) = 20,000

Interest rate (r) = 5.5% = 0.055

Time horizon (t) = 10 years = 10

Substituting the formula, FV = 20,000*(1+0.055)^10 = 20,000*1.055^10 = 20,000*1.708144458 =  34,162.89

The value of this account after 10 years =$34,162.89 (Rounded to the nearest cent)

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Assume the average height for American women is 64 inches with a standard deviation of 2 inches. A sorority on campus wonders if
satela [25.4K]

Answer:

a) s = 0.4

b) Z = 2.5

c) 99th percentile.

d) The larger sample size would lead to a smaller margin of error, which would lead to a higher z-score and a increased percentile.

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 normal distributions can be solved using the z-score formula.

In a set with mean \mu and standard deviation \sigma, the z-score 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 p-value, we get the probability that the value of the measure is greater than X.

Central Limit Theorem

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

For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.

Assume the average height for American women is 64 inches with a standard deviation of 2 inches

This means that \mu = 64, \sigma = 2

A) Calculate the standard error for the distribution of means.

Sample of 25 means that n = 25, so s = \frac{2}{\sqrt{25}} = 0.4.

B) Calculate the z statistic for the sorority group.

Sample mean of 65 means that X = 65.

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

By the Central Limit Theorem

Z = \frac{X - \mu}{0.4}

Z = \frac{65 - 64}{0.4}

Z = 2.5

C) What is the approximate percentile for this sample? Enter as a whole number.

Z = 2.5 has a p-value of 0.9938, so 0.99*100 = 99th percentile.

D) If the sorority actually had 36 members (still with an average of 65 inches), would you expect the percentile value to increase or decrease? why?

The larger sample size would lead to a smaller margin of error, which would lead to a higher z-score and a increased percentile.

3 0
2 years ago
Jake bought the pizza shown above for lunch, which was cut into four equal slices. What percentage of the pizza did Jake eat if
NNADVOKAT [17]
The answer is D- 75%
6 0
3 years ago
Read 2 more answers
Help, No links please!!!!!!
jolli1 [7]

Answer:

I think 60 because say u do 2×3 you get 6 but do 20×3 and it's 60 so I think it's 60 so sorry if I'm wrong.

4 0
3 years ago
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Type the correct answer in the box. use numerals instead of words. if necessary, use / for the fraction bar. find the missing te
Allisa [31]

The missing term in the provided quadratic equation is 10x if the roots of a quadratic equation are 5 ± 3i.

<h3>What is a complex number?</h3>

It is defined as the number which can be written as x+iy where x is the real number or real part of the complex number and y is the imaginary part of the complex number and i is the iota which is nothing but a square root of -1.

The question is incomplete.

The complete question is in the picture, please refer to the attached picture.

We have the roots of a quadratic equation:

5 ± 3i

To find the quadratic equation:

(x - (5+3i))(x - (5-3i))

\rm =x^2+x\left(-\left(5-3i\right)\right)-\left(5+3i\right)x-\left(5+3i\right)\left(-\left(5-3i\right)\right)

= x² -10x + 34

The missing value is 10x

The quadratic equation is:

= x² -10x + 34

Thus, the missing term in the provided quadratic equation is 10x if the roots of a quadratic equation are 5 ± 3i.

Learn more about the complex number here:

brainly.com/question/10251853

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6 0
2 years ago
At a local election there were two propositions on the ballot, R and S. Twice as many voters voted "yes" for R as for S. If the
Over [174]

Answer:

c. 130

Step-by-step explanation:

Let call B the quantity of voters who voted yes for both propositions.

From the question we know that twice as many voters voted "yes" for R as for S, that can be written as the following equation:

R+B=2(S+B)

Where R is the number who voted "yes" for R but "no2 for S and S is the number who voted "yes" for S but "no" for R.

Replacing R by 750 and S by 310 and solving for B, we get:

750+B=2(310+B)

750+B=620+2B

2B-B=750-620

B=130

So, 130 voters voted yes for both propositions

7 0
3 years ago
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