Answer:
I don't understand the language but I can do it
Answer:
a. $270
b. $3,278.18
Step-by-step explanation:
Given that
The principal amount is $3,000
Annual rate of interest is 3%
And, the time period is 3 years
We need to find out the simple interest & compound interest
The following formulas should be used
a. For simple interest
= Principal × rate of interest × time period
= $3,000 × 3% × 3 years
= $270
b. For compound interest
= Principal × (1 + rate of interest)^time period
= $3,000 × (1 + 0.03)3
= $3,000 × 1.03^3
= $3,278.18
Answer:
The value of the test statistic is of 0.22.
Step-by-step explanation:
Our test statistic is:

In which X is the sample mean,
is the expected mean,
is the standard deviation(square root of the variance) and n is the size of the sample.
A lumber company is making boards that are 2920.0 millimeters tall.
This means that
.
A sample of 12 is made, and it is found that they have a mean of 2922.7 millimeters with a variance of 121.00.
This means that
. So



The value of the test statistic is of 0.22.
Solution: We are given:


Now let's find the estimated value of standard deviation using the range rule of thumb. According to range rule of thumb, the estimate of standard deviation is:

Therefore the estimated standard deviation is 0.690
is this an acceptable approximation?
Answer: c. Yes, because the error of the range rule of thumb's approximation is less than 15%.
Explanation:
The difference between estimated standard deviation and actual standard deviation is:
0.807 - 0.690 = 0.117
Now let's find the percentage of error
.
Therefore, the error of the range rule of thumb's approximation is less than 15%.
It is 12 it’s is 12 it has to be 12