Answer:
$4.72 per month
Step-by-step explanation:
The true interest rate is how much more he has to give with interest.
Let's find the interest on $48 first.
Let's convert 18% to decimal, that is:
18/100 = 0.18
Now, to find 18% of $48, we multiply, so,
Interest = $48 * 0.18 = $8.64
In total, he has to pay:
48 + 8.64 = $56.64
This is spread over 12 months (since he has to pay in 1 year), so each month payment would be:
56.64/12 = $4.72 per month
Hello!
The correct answer is the Credit Monitoring Service.
Hope I helped! :3
Answer:
6 socks
Step-by-step explanation:
27.50-12.50=15
15/2.50=6
Using the <em>normal distribution and the central limit theorem</em>, it is found that the power of the test is of 0.9992 = 99.92%.
<h3>Normal Probability Distribution</h3>
In a normal distribution with mean
and standard deviation
, the z-score of a measure X is given by:

- It measures how many standard deviations the measure is from the mean.
- After finding the z-score, we look at the z-score table and find the p-value associated with this z-score, which is the percentile of X.
- By the Central Limit Theorem, the sampling distribution of sample means of size n has standard deviation
.
In this problem:
- The mean is
.
- The standard deviation is
.
- A sample of 30 is taken, hence
.
The power of the test is given by the probability of a sample mean above 8, which is <u>1 subtracted by the p-value of Z when X = 8</u>, so:

By the Central Limit Theorem:



has a p-value of 0.0008.
1 - 0.0008 = 0.9992.
The power of the test is of 0.9992 = 99.92%.
To learn more about the <em>normal distribution and the central limit theorem</em>, you can check brainly.com/question/24663213