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postnew [5]
3 years ago
9

Can someone help me on this

Mathematics
1 answer:
Kaylis [27]3 years ago
7 0

Remember that the formula for simple interest is:

I = Prt

  • I is the interest earned
  • P is the principal amount invested
  • r is the interest rate, represented as a decimal
  • t is the amount of time in years

Using information the problem gave us, we can say that the amount of interest earned after one year is:

I = (\$ 350)(0.06)(1) = \$ 21


After 1 year, we will have earned $21. Remember though that we also need to find the amount we will earn after 4 months. Since there are 12 months in a full year, we can say that 4 mohts represents a third of a year. Thus, let's multiply our interest by one-third.

\$21 \cdot \dfrac{1}{3} = \$ 7


After 4 months, we will have generated $7 and after one year we will have generated $21.

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The first sentence tells us what the population is: it's the set of all her students. She's not concerned with any other students in any other classroom. So her "universe", so to speak, is solely focused on this classroom only. Once the population is set up, a sample of it would be a subset of the population.

If set A is a subset of set B, then everything in A is also in B, but not vice versa. For example, the set of humans is a subset of the set of mammals because all humans are mammals. However, a dog is a mammal but not a human. This shows that A is a subset of B, but not the other way around. In this example, A = humans and B = mammals.

Going back to the classroom problem, we have A = sample and B = population. If Ms. Lee has 30 students, and she randomly selects 5 of them, then those 30 students make up set B and the 5 selected make up set A. Selecting the names randomly should generate an unbiased sample. This sample should represent the population overall. If the population is small enough, the teacher could do a census and not need a sample. Though there may be scenarios that it's still effective to draw a sample.

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Answers:

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