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Alexus [3.1K]
3 years ago
11

please help please help please help Suppose Karen $1000 that she invests in an account that pays 3% interest compounded annually

. How much money does Karen have at the end of 3 years?Solve for the interest
Mathematics
1 answer:
mojhsa [17]3 years ago
7 0

‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎

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Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have an average life of
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Answer:

a

   P(X <  24 )=  21.186\%  

b

    x =  19.78 \  months

Step-by-step explanation:

From the question we are told that

 The mean is   \mu  =  26 \  months

 The standard deviation is  \sigma  =  4 \  months

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      P(X <  24 )=  P(\frac{X - \mu }{ \sigma} <  \frac{24 - 26}{4}  )

Generally  \frac{X - \mu}{\sigma } =Z (The  \ standardized \  value  \  of  \  X )

     P(X <  24 )=  P(Z <  -0.8  )

Generally from the z-table  

       P(Z <  -0.8) =  0.21186

So

       P(X <  24 )=  0.21186

Converting to percentage

      P(X <  24 )=  0.21186  * 100

=>    P(X <  24 )=  21.186\%  

Generally the duration that should be the guarantee period if  Accrotime does not want to make refunds on more than 6% is mathematically evaluated as

    P(X <  x) =  P(\frac{X - \mu }{\sigma}  < \frac{x - 26}{4} )= 0.06

=> P(X <  x) =  P(Z < \frac{x - 26}{4} )= 0.06

From the normal distribution table the z-score for  0.06 at the lower tail  is

       z = -1.555

So

    \frac{x - 26}{4} = -1.555

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A normally distributed data set has a mean of 0 and a standard deviation of 2. Which of the following is closest to the percent
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A normally distributed data set has a mean of 0 and a standard deviation of 2. The closest to the percent of values between -4.0 and 2.0 would be 84%.

<h3>What is the empirical rule?</h3>

According to the empirical rule, also known as the 68-95-99.7 rule, the percentage of values that lie within an interval with 68%, 95%, and 99.7% of the values lies within one, two, or three standard deviations of the mean of the distribution.

P(\mu - \sigma < X < \mu + \sigma)  \approx 68\%\\P(\mu - 2\sigma < X < \mu + 2\sigma)  \approx 95\%\\P(\mu - 3\sigma < X < \mu + 3\sigma)  \approx 99.7\%

A normally distributed data set has a mean of 0 and a standard deviation of 2.

Z=(x-\mu)/\sigma

P(x=-0.4)\\\\z=(-0.4-0)/2\\\\= -0.2\\\\P(x=2)\\z=(2-0)/2\\\\=1

P(-0.4 < x < 2)=p(-0.2 < z < 1)=p(-0.2 < z < 0)+p(0 < z < 1)……….(by symmetry)

=.49865+.3413

.83995…….(by (http://83995…….by) table value)

=.8400 × 100

=84%

Learn more about the empirical rule here:

brainly.com/question/13676793

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