Your $440 gets 5.8% interest compounded annually for 8 years. What will your
1 answer:
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Answer:
i) P(X<33) = 0.9232
ii) P(X>26) = 0.001
Step-by-step explanation:
<u><em>Step(i):-</em></u>
Given that the mean of the Population = 30
Given that the standard deviation of the Population = 4
Let 'X' be the Normal distribution
<u>Step(ii):-</u>
i)
Given that the random variable X = 33
>0
P(X<33) = P( Z<1.5)
= 1- P(Z>1.5)
= 1 - ( 0.5 - A(1.5))
= 0.5 + 0.4232
P(X<33) = 0.9232
<u>Step(iii) :-</u>
Given that the random variable X = 26
>0
P(X>26) = P( Z>3.5)
= 0.5 - A(3.5)
= 0.5 - 0.4990
= 0.001
P(X>26) = 0.001