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Trava [24]
4 years ago
12

A home builder obtained a preconstruction loan of $50,000 for 8 months at an annual interest rate of 9.5%. What is the simple in

terest due on the loan?
Mathematics
1 answer:
kykrilka [37]4 years ago
8 0
Annual interest
50000 * (9.5 / 100)
4750

Interest for 12 months = 4750
Interest for 8 months 
(4750/12) * 8
$ 3166.67
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A manufacturer knows that their items have a normally distributed lifespan, with a mean of 5.8 years, and standard deviation of
Finger [1]

Answer:

Step-by-step explanation:

Hello!

The variable is

X: lifespan of an item

This variable has a normal distribution X~N(μ;σ²)

μ= 5.8 years

σ= 1.7 years

The normal distribution is symmetric, centered on μ, asymptotic to -∞ and +∞. The shortest lifespans will be on the left tail of the distribution and the longest lifespans will be on the right tail. You have to determine how many years the 1% of the items with the shortest lifespan will, this is, the value that separates the bottom 1% of the distribution, symbolically:

P(X≤x₀)= 0.01

Where x₀ represents the value of lifespan you were asked for.

To determine this value you have to work using the standard normal distribution. Derived from the normality distribution is the standard normal distribution. Considering a random variable X with normal distribution, mean μ and variance δ², the variable Z =(X-μ)/δ ~N(0;1) is determined.  

The standard normal distribution is tabulated. Any value of any random variable X with normal distribution can be "converted" by subtracting the variable from its mean and dividing it by its standard deviation.

So to calculate each of the asked probabilities, you have to first, "transform" the value of the variable to a value of the standard normal distribution Z, then you use the standard normal tables to reach the corresponding probability.

So under the standard normal distribution you have to determine the Z value that divides the bottom 1% of the distribution from the top 99%

P(Z≤z₀)= 0.01

Using the standard normal table you have to determine the value of z₀ (it is located in the left tail of the distribution so the value is negative)

z₀= -2.33

Now you have to "translate" the value of Z to a value of the variable of interest:

z₀ =( x₀-μ)/δ

(z₀*δ) =x₀-μ

(z₀*δ)+μ=x₀

x₀= (-2.33*1.7)+5.8= 1.839 years

The lifespan that marks the shortest 1% of the distribution is 1.839

I hope this helps!

3 0
3 years ago
During an experiment, a spinner landed on red 6 times. If the resulting experimental probability of the spinner landing on red i
densk [106]
That would be the solution of the equation  1/8  = 6 / x

x = 6*8 = 48

Answer 48 trials 
8 0
3 years ago
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Robert had $58.62 in his bank account. He got paid $142.76. He then bought a new jacket for $63.76. He also bought 2 new movies
Eddi Din [679]
Robert now has $135.64.
3 0
4 years ago
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Question 3(Multiple Choice Worth 1 points) (08.03 LC) A box plot is shown below: A box and whisker plot is shown using a number
Sophie [7]

The median in the box plot is: 31

Q1 (lower quartile) = 26

<h3>What is the Median and Q1 of a a Data in a Box Plot?</h3>

The median is the value at the vertical line that divides the box.

The Q1 (lower quartile) is the value at the beginning of the edge of the box.

Thus, from the given box plot, we have the following:

Median = 31

Q1 (lower quartile) = 26

Learn more about the box plot on:

brainly.com/question/14277132

#SPJ1

6 0
2 years ago
Help me please and thank you (:
pishuonlain [190]

Answer:

A

Step-by-step explanation:

the rest of the tables have two of the same numbers and it is not a function if it does that.

8 0
3 years ago
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