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lutik1710 [3]
3 years ago
6

Suppose $1750 is put into an account that pays an annual rate of 4.5%

Mathematics
1 answer:
Yanka [14]3 years ago
6 0

Answer:

The amount in the account after six years is $2,288.98

Step-by-step explanation:

In this question, we are asked to calculate the amount that will be in an account that has a principal that is compounded quarterly.

To calculate this amount, we use the formula below

A = P(1+r/n)^nt

Where P is the amount deposited which is $1,750

r is the rate which is 4.5% = 4.5/100 = 0.045

t is the number of years which is 6 years

n is the number of times per year, the interest is compounded which is 4(quarterly means every 3 months)

we plug these values into the equation

A = 1750( 1 + 0.045/4)^(4 * 6)

A = 1750( 1 + 0.01125)^24

A = 1750( 1.01125)^24

A = 2,288.98

The amount in the account after 6 years is $2,288.98

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Answer:

the probability that the sample mean is greater than 2.1 but less than 2.4 is 0.2444

Step-by-step explanation:

Given the data in the question;

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1         1/3        0.33333        0.33333

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3        1/3        1.00000        3.0000

∑                    2.0000          4.6667

∑(xp(x)) = 2

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Variance σ² = ∑(x²) - ∑(x)² = 4.6667 - (2)² = 4.6667 - 4 = 0.6667

standard deviation σ = √variance = √0.6667 = 0.8165

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for normal distribution z score ( x-μ)/σ

mean μ = 2

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sample size n = 33

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so probability will be;

p( 2.1  < X < 2.4 ) = p(( 2.1-2)/0.1422) <  x"-μ/σₓ  <  p(( 2.4-2)/0.1422)

= 0.70 < Z < 2.81    

=  1 - ( 0.703 < Z < 2.812 )

FROM Z-SC0RE TABLE

=  1 - ( 0.25804 + 0.49752 )

= 1 - 0.75556

p( 2.1  < X < 2.4 ) = 0.2444

Therefore,  the probability that the sample mean is greater than 2.1 but less than 2.4 is 0.2444

7 0
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The mean height of women in a country (ages 20-29) is 63.9 inches. A random sample of 65 women in this age group is selected. Wh
anzhelika [568]

Answer: The mean height of women in a country ages 20 29

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Answer:

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Step-by-step explanation:

21.15 - 5%(1.01) = 20.14

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