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stira [4]
3 years ago
6

Charlie invest $425 in a savings account that pays interest at an annual rate of 4% compounded continuously approximately how mu

ch time will it take for his investment to double?
Mathematics
1 answer:
Olegator [25]3 years ago
8 0

Answer:

  17.3 years

Step-by-step explanation:

For some annual interest rate r and time in years t, the initial account value is multiplied by e^(rt).

You want the multiplier e^(.04t) to have a value of 2:

  2 = e^(.04t)

  ln(2) = 0.04t . . . . . take natural logs

  t = ln(2)/0.04 = 17.329 . . . . . divide by the coefficient of t

It will take about 17.3 years for the investment to double.

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Step-by-step explanation:

i will go you in the bank in co2 in the man

5 0
2 years ago
In the past, the average age of employees of a large corporation has been 40 years. Recently, the company has been hiring older
Viktor [21]

Answer:

p_v =P(t_{(63)}>2.5)=0.0075  

If we compare the p value and the significance level given \alpha=0.05 we see that p_v so we can conclude that we have enough evidence to fail reject the null hypothesis, so we can conclude that the mean age is significantly higher than 45 years at 5% of significance.  

Step-by-step explanation:

1) Data given and notation  

\bar X=45 represent the mean height for the sample  

s=16 represent the sample standard deviation for the sample  

n=64 sample size  

\mu_o =40 represent the value that we want to test

\alpha=0.05 represent the significance level for the hypothesis test.  

t would represent the statistic (variable of interest)  

p_v represent the p value for the test (variable of interest)  

State the null and alternative hypotheses.  

We need to conduct a hypothesis in order to check if the mean age is higher than 40 years, the system of hypothesis would be:  

Null hypothesis:\mu \leq 40  

Alternative hypothesis:\mu > 40  

If we analyze the size for the sample is < 30 and we don't know the population deviation so is better apply a t test to compare the actual mean to the reference value, and the statistic is given by:  

t=\frac{\bar X-\mu_o}{\frac{s}{\sqrt{n}}}  (1)  

t-test: "Is used to compare group means. Is one of the most common tests and is used to determine if the mean is (higher, less or not equal) to an specified value".  

Calculate the statistic

We can replace in formula (1) the info given like this:  

t=\frac{45-40}{\frac{16}{\sqrt{64}}}=2.5    

P-value

The first step is calculate the degrees of freedom, on this case:  

df=n-1=64-1=63  

Since is a one right tailed test the p value would be:  

p_v =P(t_{(63)}>2.5)=0.0075  

Conclusion  

If we compare the p value and the significance level given \alpha=0.05 we see that p_v so we can conclude that we have enough evidence to fail reject the null hypothesis, so we can conclude that the mean age is significantly higher than 45 years at 5% of significance.  

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3 years ago
What is the number 0.000706 written in scientific notation?
Alex17521 [72]

Answer:

7.6 x 10^-4

Step-by-step explanation:

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3 years ago
The door frame has measurements of 3ft by 8 ft. What is the length of the largest table that can be brought in the house on a di
Fiesta28 [93]

Answer:

The length of the largest table that can be brought in the house on a diagonal is 9.5\ ft

Step-by-step explanation:

we know that

Applying the Pythagoras Theorem

Find the length of the diagonal of the frame

d^{2} =3^{2} +8^{2} \\\\ d^{2}=90\\\\ d=\sqrt{90}\ ft\\\\ d=9.5\ ft

4 0
3 years ago
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Scores on an English test are normally distributed with a mean of 30.6 and a standard deviation of 6. Find the score that separa
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Answer:

The score that separates the top 59% from the bottom 41% is 31.68

Step-by-step explanation:

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