Answer:
Principal = $1,000
Rate of interest = 14% = 0.14
Time = 3 years
A = Amount or future value
P = Principal
r = rate of interest in decimals
t = time
Substitute the values in the formula
Future Value is $1481.544
Compound interest = Amount - Principal = $1481.544- $1000 = $481.544
Formula of simple interest :
Substitute the values :
So, Simple interest = $420
Compound interest - Simple interest
= $481.544- $420
= $61.544
So, Compound Interest is $61.544 more than simple interest.
Answer:
Check the explanation
Step-by-step explanation:
Here we have to first of all carry out dependent sample t test. consequently wore goggles first was selected at random for the reason that the reaction time in an emergency taken with goggles would be greater than the amount of reaction time in an emergency taken with not so weakened vision. So that we will get the positive differences d = impaired - normal
b)
To find 95% confidence interval first we need to find sample mean and sample sd for difference d = impaired minus normal.
We can find it using excel that is in the first attached image below,
Therefore sample mean = 0.98
Sample sd = 0.3788
To find 95% Confidence interval we can use TI-84 calculator,
Press STAT ----> Scroll to TESTS ---- > Scroll down to 8: T Interval and hit enter.
Kindly check the attached image below.
Therefore we are 95% confident that mean difference in braking time with impaired vision and normal vision is between ( 0.6888 , 1.2712)
Conclusion : As both values in the interval are greater than 0 , mean difference impaired minus normal is not equal to 0
There is significant evidence that there is a difference in braking time with impaired vision and normal vision at 95% confidence level .
