Answer:
The upper limit of the 95% confidence interval is:
C.I_u = 200 + (58.8/
)
Step-by-step explanation:
The formula is given as:
C.I = μ ± Z*σ/
The upper limit => C.I_u = μ + Z*σ/
The lower limit => C.I_l = μ - Z*σ/
The sample size (n) is not stated in the question. Hence, we calculate the upper limit with respect to n.
The upper limit => C.I_u = 200 + 1.96*(30/
)
= 200 + (1.96*30)/
= 200 + 58.8/
Have you solved your problems yet
1.96875
that is the correct answer
Answer:
$13,200
Step-by-step explanation:
You need to use the simple interest formula
I = P * r * t
I = Interest accrued
P = Principal amount invested
r = Interest rate you need to divide by 100 to get it in decimal form
t = time, in years if you are given a partial year, divide the months by 12
P = $12,000
r = 7.5% = .075
t = 1
But, because we want I to equal $990 then I is
I = $990
So we ignore our P and instead solve for the P that will give us the desired result.
I = P * r * t
$990 = P * .075 * 1
$990 = P.075 Divide each side by .075
$990/.075 = P.075/.075
$990/.075 = P
$13,200 = P
So, to earn an annual interest income of $990, $13,200 will have to be invested in the 7.5% bond.
Answer: -5
Step-by-step explanation: