Answer:
$11040
Step-by-step explanation:
first of all the question says that $4000 were earned in a year and asks for what the new vale would be after the next 3 years with a discount rate of 8%.
If 1 year=$4000,then 3 years=$12000
100%-8%=92% (this happens because there is still a remaining amount that still has a cost to it),so 12000*92%=$11040
8% of 552 is 44.16. Look at the percent sign as a decimal and move it two places to the left, that'll give you 0.08. To find 8% of 552, look at it as 0.08 multiplied by 552. After you multiply you should get 44.16.
Answer:
61 commuters must be randomly selected to estimate the mean driving time of Chicago commuters.
Step-by-step explanation:
Given : We want 95% confidence that the sample mean is within 3 minutes of the population mean, and the population standard deviation is known to be 12 minutes.
To find : How many commuters must be randomly selected to estimate the mean driving time of Chicago commuters?
Solution :
At 95% confidence the z-value is z=1.96
The sample mean is within 3 minutes of the population mean i.e. margin of error is E=3 minutes
The population standard deviation is s=12 minutes
n is the number of sample
The formula of margin of error is given by,

Substitute the value in the formula,




Squaring both side,

Therefore, 61 commuters must be randomly selected to estimate the mean driving time of Chicago commuters.
Answer:

Step-by-step explanation:
For the equation
use the substitution
Then the equation will take look

Solve this quadratic equation:

Thus,
