I did 132÷8 = 16.5 is that what you asking
a. What percent of people earn less than $40000?
Solution: Let S be the random variable of a salary of employee (in $), S ~ N(50000,20000). Then the random
variable X =−50000
20000
~N(0,1).
( < 40000) = ( <
40000 − 50000
20000 ) = ( < −0.5) = (−0.5) = 0.3085375.
Here Φ(x) denotes the cumulative distribution function of a standard normal distribution.
Answer: 31%.
b. What percent of people earn between $45000 and $65000?
Solution:
(45000 < < 65000) = (
45000 − 50000
20000 < <
65000 − 50000
20000 ) = (−0.25 < < 0.75)
= (0.75) − (−0.25) = 0.7733726 − 0.4012937 = 0.3720789.
Answer: 37%.
c. What percent of people earn more than $70000?
Solution:
( > 70000) = ( >
70000 − 50000
20000 ) = ( > 1) = 0.8413447.
Answer: 84%.
Simply subtract all the spent money from his budget:
$119-$45.50-$26.25-$15.25= $32
Therefore, he has $32 left for other expenses!
Hope this helps!
<h3>
Answer: $1067.45</h3>
=================================================
Work Shown:
L = 165000 = loan amount or amount financed
r = 0.06725 = annual interest rate in decimal form
i = r/12 = 0.06725/12 = 0.005604167
i = 0.005604167 = approximate monthly interest rate in decimal form
n = number of months = 30*12 = 360 months
P = unknown monthly payment
--------------
Apply the monthly payment formula
P = (L*i)/( 1-(1+i)^(-n) )
P = (165000*0.005604167)/(1-(1+0.005604167)^(-360))
P = 1067.44636311118
P = 1067.45
