Answer:
Bank of Texas = $10,031.35
United Texas Bank = $10,500.00
Step-by-step explanation:
Bank of Texas
A=P(1+rt)
P=$7,500
r=6.75%
t=5 years
$10,031.35
refer the pic
United Texas Bank
A=P(1+rt)
P=$7,500
r=8%
t=5 years
$10,500.00
refer the sec pic
What is 70% of 2,000?
1 answer:
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Answer:
Interval [16.34 , 21.43]
Step-by-step explanation:
First step. <u>Calculate the mean</u>
Second step. <u>Calculate the standard deviation</u>
As the number of data is less than 30, we must use the t-table to find the interval of confidence.
We have 6 observations, our level of confidence DF is then 6-1=5 and we want our area A to be 80% (0.08).
We must then choose t = 1.476 (see attachment)
Now, we use the formula that gives us the end points of the required interval
where n is the number of observations.
The extremes of the interval are then, rounded to the nearest hundreth, 16.34 and 21.43
