Answer:
Step-by-step explanation:
Compounding interest :
Future value of money = Present value * (1+ r)^N
r - interest rate
n - number of period
In our example, Present value = 325.76, FV = 400, r = 2%, and we need to find N
by solving that we can find it that N is equal to 10.3675
Simple interest :
400 - 325.76 = 74.26$ we need to increase
325.76*2% = 6.5152$ each year
74.26 / 6.5152 = 11.3949
as a whole year = 12years
You must first normalize this in order to use a Z-score table. To convert what you have into a Z score you must use this formula: (x- mean) /standard deviation. In your case (334-310)/12=2. So now you want the probability that a score is greater than 334, which in turn means you want P(Z>2)=1-P(Z<2)=1-.9772=0.0228=2.28%.
Answer:
-1.683
Step-by-step explanation:
Given :
Group 1 :
x1 = 667 ; n1 = 10 ; s1 = 20
Group 2 :
x2 = 679 ; n2 = 14 ; s2 = 15
The test statistic assuming equal variance :
x1 - x2 / √[Sp² * (1/n1 + 1/n2)]
sp² = [(n1 - 1)*s1² + (n2 - 1)*s2²] ÷ (n1 + n2 - 2)
Sp² = [(10 - 1)*20² + (14 - 1)*15²] = 296.59
Test statistic =
(667 - 679)/ √[296.59 * (1/10 + 1/14)]
-12 / 7.1304978
Test statistic = - 1.682
Answer:
He saved 58 last month.
Step-by-step explanation:
All expenses: 625 + 259 = 884
Total earned: 942 - 884 = 58
