Answer:
Step-by-step explanation:
The confidence interval for population mean is given by :-
Given : Sample size : , which is a large sample , so we apply z-test .
Sample mean :
Standard deviation :
Significance level :
Critical value :
Now, a confidence interval at the 95% level of confidence will be :-
Answer:
The amount in the account at 12% interest is $3400 and the amount in the second account at 7% interest is $2600
Step-by-step explanation:
Let x be the amount in the account at 12% interest
So, 6000-x is the amount in the second account at 7% interest
First account:
Second account :
We are given that At the end of the first year he had earned $590 in interest.
So,
So,the amount in the account at 12% interest is $3400
The amount in the second account at 7% interest =6000-x=6000-3400=2600
Hence the amount in the account at 12% interest is $3400 and the amount in the second account at 7% interest is $2600