Answer:
- equivalent rate: 7.186%
- compounded 16 times
Step-by-step explanation:
The equivalent interest rate is the rate that would have to be applied so it would earn the same amount in 1 year. It is computed from ...
requiv = (1 +r/n)^n -1
requiv = (1 +0.07/4)^4 -1 ≈ 7.186%
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"Compounded quarterly" means interest is compounded 4 times per year. In 4 years, it will be compounded 4·4 = 16 times.
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The balance in the account after 4 years is ...
$600·(1 +.07/4)^(4·4) ≈ $791.96
The proportion of left-handed people in the general population is about 0.1. Suppose a random sample of 225 people is observed.
1. What is the sampling distribution of the sample proportion (p-hat)? In other words, what can we say about the behavior of the different possible values of the sample proportion that we can get when we take such a sample?
(Note: normal approximation is valid because .1(225) = 22.5 and .9(225) = 202.5 are both more than 10.)
2. Since the sample proportion has a normal distribution, its values follow the Standard Deviation Rule. What interval is almost certain (probability .997) to contain the sample proportion of left-handed people?
3. In a sample of 225 people, would it be unusual to find that 40 people in the sample are left-handed?
4. Find the approximate probability of at least 27 in 225 (proportion .12) being left-handed. In other words, what is P(p-hat ? 0.12)?
Guidance: Note that 0.12 is exactly 1 standard deviation (0.02) above the mean (0.1). Now use the Standard Deviation Rule.
7 to 10 7:10 and 7/10 i hope i helped!!
Answer:
the seconed one
Step-by-step explanation:
