Answer:
monthly payment = $56.445
Step-by-step explanation:
given data
loan = $5000
interest rate r = 5.3 % = 0.053
time t = 2 year = 24 months
solution
we will use here amount of the monthly payments formula that is
monthly payment = principal × ................1
put here value and we get
monthly payment = 5000 ×
monthly payment = $56.445
Step-by-step explanation:
Hope it will help you...
Answer:
Step-by-step explanation:
Previous concepts
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".
Solution to the problem
Let X the random variable that represent the lifetime for a TV of a population, and for this case we know the distribution for X is given by:
Where and
We are interested on this probability
And the best way to solve this problem is using the normal standard distribution and the z score given by:
If we apply this formula to our probability we got this:
And we can find this probability like this:
And in order to find these probabilities we can use tables for the normal standard distribution, excel or a calculator.