Answer:
The best point estimate for the mean monthly car payment for all residents of the local apartment complex is $624.
Step-by-step explanation:
The Central Limit Theorem estabilishes that, for a normally distributed random variable X, with mean 
and standard deviation 
, the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean and standard deviation 
.
In this question:
We apply the inverse Central Limit Theorem.
The mean monthy car payment for 123 residents of the local apartment complex is $624.
So, for all residents of the local apartment complex, the best point estimate for the mean monthly car payment is $624.
Fraction: 1/512
decimal: 0.001953
Answer:
$6261.61
Step-by-step explanation:
The solution to the differential equation is the exponential function ...
A(t) = 5000e^(0.0225t)
We want the account value after 10 years:
A(10) = 5000e^(0.225) = 6261.61
The value of the account after 10 years will be $6,261.61.
_____
The rate of change equation basically tells you that interest is compounded continuously. After working interest problems for a while you know the formula for that is the exponential formula A = A0·e^(rt).
Or, you can solve the differential equation using separation of variables:
dA/A = 0.0225dt
ln(A) = 0.0225t +C . . . . integrate
A(t) = A0·e^(0.0225t) = 5000·e^(0.0225t) . . . . solution for A(0) = 5000
Answer:
A
Step-by-step explanation:
Hope it helps!
