It is in the tenths place, 7/10
Answer:
$8,355.555
Step-by-step explanation:
Hello,
This question relates to compound interest and to solve it, we'll need to use the right formula.
C.P = P(1 + r/n)^nt
C.P = compound interest
P = principal
R = rate
N = number of times compounded
T = time
C.P = $47,000
P = ?
R = 5% = 0.05
N = 4
T = 35 years
Substituting the variables into the equation,
47,000 = P (1 + 0.05 / 4) ^ (4 × 35)
47,000 = P (1.0125) ^ 140
47,000 = P × 5.625
Divide both sides by 5.625 and solve for P
P = 47,000 / 5.625
P = $8,355.555
The initial investment was $8,355.555
Answer:
Father's age = 64 years
Step-by-step explanation:
Given:
Mummy's age = Aliyah's age + 32
Father's age = Mummy's age + 8
Tota age = 144
Find:
Father's age
Computation:
Assume;
Aliyah's age = a
So,
Mummy's age = a + 32
Father's age = a + 32 + 8
Father's age = a + 40
Aliyah's age + Mummy's age + Father's age = Total age
a + a + 32 + a + 40 = 144
3a + 72 = 144
3a = 144 - 72
3a = 72
a = 24
Father's age = a + 40
Father's age = 24 + 40
Father's age = 64 years
Answer: No, the data does not support the claim at 1% level as the mean time is no longer than 4.5 years.
Step-by-step explanation:
Since we have given that
n the California state university system take 4.5 years, on average, to finish their undergraduate degrees.
So, the hypothesis would be

Mean = 5.1
Standard deviation = 1.2
n = 49
So, test statistic value would be

At 1% level of significance, critical value is 2.58
Since 2.58>-3.53.
So, we will accept the null hypothesis.
Hence, No, the data does not support the claim at 1% level as the mean time is no longer than 4.5 years.