The number of years it would take sales to reach $1,750,000 is 14.65 years.
<h3>What is the number of years?</h3>
The formula that can be used to determine the number of years it would take for the sales to reach $1,750,000 is:
Number of years : In (FV / PV) / r
Where:
- FV = future level of sales - $1,750,000
- PV = present level of sales = 850,000
- r = rate of growth - 4.931998%
Number of years : In ($1,750,000 / 850,000) / 0.04931998
Number of years : In (2.06) / 0.04931998
Number of years : 14.65 years
To learn more about how to determine the number of years, please check: brainly.com/question/21841217
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Answer:
B
Step-by-step explanation:
Answer:
0.022
Step-by-step explanation:
Given that :
Population size = 25000
n = 500 ; p = 0.4
Size of random sample (n) = 500
5% of population size : 0.05 * 25000 = 1250
Distribution is normally distributed since n < 5% of population size
Hence, the mean of the distribution = p = 0.4
Standard deviation = √((pq) /n)
q = 1 - p ; q = 1 - 0. 4 = 0.6
Standard deviation = √((0.4 * 0.6) /500)
Standard deviation = 0.0219089
= 0.022
Answer:
8
Step-by-step explanation:
I believe that the answer is 8
Answer:
the answer is that of equations 1
