Answer:
Bank One is offering a simple interest rate of 6.25% per annum.
Step-by-step explanation:
Given that Bank One offers a certificate of deposit that pays $ 5,000 in four years for exchange for $ 4,000 today, to determine what interest rate is Bank One offering the following calculation must be performed:
(5000 - 4000) / 4 = X
1000/4 = X
250 = X
4000 = 100
250 = X
250 x 100/4000 = X
25000/4000 = X
6.25 = X
Therefore, Bank One is offering a simple interest rate of 6.25% per annum.
When you see the subtraction<span> (</span>minus<span>) sign followed by a </span>negative<span> sign, turn the two signs into a plus sign. Thus, instead of </span>subtracting<span> a </span>negative<span>, you're adding a </span>positive<span>, so you have a simple addition problem.</span>
Answer:
$301 - $397
Step-by-step explanation:
Using the Empirical rule
1) 68% of data falls within 1 standard deviation from the mean - that means between μ - σ and μ + σ .
2)95% of data falls within 2 standard deviations from the mean - between μ – 2σ and μ + 2σ .
3)99.7% of data falls within 3 standard deviations from the mean - between μ - 3σ and μ + 3σ .
From the above question,
Mean = 349 , standard deviation = 24.
Confidence interval = 95%
Using 2)95% of data falls within 2 standard deviations from the mean - between μ – 2σ and μ + 2σ .
μ – 2σ
= 349 - 2(24)
= 349 - 48
= 301
μ + 2σ
349 + 2(24)
= 349 + 48
= 397
Therefore, according to the standard deviation rule, approximately 95% of the students spent between $301 and $397 on textbooks in a semester.
is symmetric if 
. We have
is indeed symmetric.