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natita [175]
3 years ago
5

Determine whether the following statement is true or false.

Mathematics
1 answer:
shutvik [7]3 years ago
8 0

Answer:

Step-by-step explanation:

In constructing a confidence interval about the mean, the central limit theorem is usually applied. This makes it possible to use the normal distribution. As the number of samples is increasing, the distribution tends to be normal. This would require using the z distribution. In the case where the sample size is small, we assume a normal distribution and use the t distribution. Therefore, the given statement is true.

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Viktor [21]
Compound interest means that the interest earned each year is added to the principal meaning that future interest is earned from the original amount + past interest.

In this case, it is NOT compounded meaning that we just have to find how much interested is earned in a year and multiply it by 5 years.

8% of $460 is 460*0.08 = 36.8

36.8*5 = 184

The answer is C) $184.00



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