Answer:
= $3,888.89
Step-by-step explanation:
First, calculate the money multiplier(MM); which is the amount of money that is generated by the banks for each dollar of reserve. In this case, it describes how a deposited amount increases the total supply of money.
Money Multiplier = 1 / reserve ratio
Reserve ratio = 9% or 0.09
Therefore, money multiplier = 1/0.09 = 11.1111
Next, use the reserve ratio to calculate the amount of increase in money supply;
= 11.1111 * $350
= $3,888.89
The kite is 1500 feet above the ground
Answer:
153.158 ; 177.642
Step-by-step explanation:
Given the following:
Sample mean (m) = 165.40
Sample standard deviation (s) = 21.70
Sample size (n) = 17
α = 98%
Confidence interval = m ± z(SE)
z at 98% = 2.326
SE = s/√n
SE = 21.70/√17 = 5.2630230
Hence,
Confidence interval = 165.40 ± 2.326(5.2630230)
165.40 - 12.241791498 OR 165.40 + 12.241791498
153.158 ; 177.642
A mile is 5280 times larger than a foot.
