Look at the two equations:
1 answer:
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Answer:
9.694 years
Step-by-step explanation:
Let the investment is $P.
So, we are asked to determine the time it will grow to triple with the compound interest rate of 12%.
Let the time is y years.
So, from the formula of compound interest we can write
⇒
⇒
Now, taking log both sides we get,
y log 1.12 = log 3 {Since, }
⇒ 0.04922y = 0.477712
⇒ y = 9.694 years (Answer)
Answer:
Mean = 8
Variance = 7.36
Standard Deviation = 2.7129
Step-by-step explanation:
This is a binomial distribution with parameters, n and p.
Where
n is sample size (given as 100)
p is the probability of success, or probability of defective (given as 8% or 0.08)
The mean, variance, standard deviation formula for binomial distribution is shown below:
Mean =
Variance =
Standard Deviation =
Where q would be probability of failure, or "1 - p"
Thus,
n = 100
p = 0.08
q = 1 - 0.08 = 0.92
SO, we have:
Mean =
Variance =
Standard Deviation =
Answer: This statement isn't true.
Step-by-step explanation: By finding like denominators, you can add the fractions on each side. Then, compare by cross multiplying.
