Answer:
The time required to accumulate simple interest of $ 60.00
from a principal of $ 750.00 at an interest rate of 4% per year is 2 years.
Step-by-step explanation:
Given
- Interest rate r = 4% = 0.04
To determine
Time period t = ?
Using the formula
I = Prt
t = I / Pr
substitute I = $60, P = $750 and r = 0.04 in the equation
t = 60 / ( 750 × 0.04 )
t = 2 years
Therefore, the time required to accumulate simple interest of $ 60.00
from a principal of $ 750.00 at an interest rate of 4% per year is 2 years.
Answer:
It is 2
Step-by-step explanation:
Answer:
the range is 13
Step-by-step explanation:
y = mx + c
7 = 4(-8) + c
c = 39
The equation is y = 4x + 39
y - 7 = 4 ( x - (-8))
y -7 = 4 (x +8)
Answer:
The probability that at least 280 of these students are smokers is 0.9664.
Step-by-step explanation:
Let the random variable <em>X</em> be defined as the number of students at a particular college who are smokers
The random variable <em>X</em> follows a Binomial distribution with parameters n = 500 and p = 0.60.
But the sample selected is too large and the probability of success is close to 0.50.
So a Normal approximation to binomial can be applied to approximate the distribution of X if the following conditions are satisfied:
1. np ≥ 10
2. n(1 - p) ≥ 10
Check the conditions as follows:

Thus, a Normal approximation to binomial can be applied.
So,

Compute the probability that at least 280 of these students are smokers as follows:
Apply continuity correction:
P (X ≥ 280) = P (X > 280 + 0.50)
= P (X > 280.50)

*Use a <em>z</em>-table for the probability.
Thus, the probability that at least 280 of these students are smokers is 0.9664.