Answer:
For every 1000 pairs sold, the manufacturer expect to replace 239 pairs for free.
Step-by-step explanation:
Given:
Mean (μ) = 2.2, Standard deviation(S.D) (σ) = 1.7 years and x = 1 (1 year)
Let's find the Z score.
Z = 
Now plug in the given values in the above formula, we get
Z = 
Now we have to use the z-score table.
The z-score for 0.71 is 0.2611
Since it z is negative, so we subtract 0.2611 from 0.5000
0.5000 - 0.2611 = 0.2389
Percentage = 0.2389 × 100 = 23.89%
To find replaces for 1000 pairs, we need to multiply 23.89% by 1000
= 
= 239
The cannot be in decimal, when we round off to the nearest whole, we get
239
Answer:
The balance of account at the end of 36 years is $31,849.29
Step-by-step explanation:
We are given the following in the question:
P = $3,300
r = 6.5% = 0.065
t = 36 years
The compound interest is given by:
where A is the amount, p is the principal, r is the interest rate, t is the time in years and n is the nature of compound interest.
Since interest is compounded annualy we use n = 1
Thus, balance of account at the end of 36 years is $31,849.29
Answer:
5.66 years
Step-by-step explanation:
450 x 1.025^(n) = 450 + 67.50
450 x 1.025^(n) = 517.50
1.025^(n) =(517.50 / 450)
1.025^(n) = 1.15
n = ln(1.15) / ln(1.025)
n = 5.66
2. (D)
3. (B) Hope it helps