Your interest formula is given to you.
Interest in a year = principal (the amount invested) * rate (the interest rate) * period (the time you're measuring)
Interest = 55,000 * 2% * 1 year = 55,000 * 0.02 * 1 = $1,100
How much would you need to have made for your spending power to keep with inflation? Your interest rate would have needed to match the inflation rate, otherwise prices are going up faster than you're saving.
Required interest = 55,000 * 3.24% * 1 year = 55,000 * 0.0324 * 1 = $1,782
How much buying power did you lose? The difference between your required interest and your actual interest.
Buying power lost = 1,782 - 1,100 = $682. You lost this much in buying power.
Hope that helped :)
Answer:
P(2.50 < Xbar < 2.66) = 0.046
Step-by-step explanation:
We are given that Population Mean,
= 2.58 and Standard deviation,
= 0.75
Also, a random sample (n) of 110 households is taken.
Let Xbar = sample mean household size
The z score probability distribution for sample mean is give by;
Z =
~ N(0,1)
So, probability that the sample mean household size is between 2.50 and 2.66 people = P(2.50 < Xbar < 2.66)
P(2.50 < Xbar < 2.66) = P(Xbar < 2.66) - P(Xbar
2.50)
P(Xbar < 2.66) = P(
<
) = P(Z < -1.68) = 1 - P(Z 1.68)
= 1 - 0.95352 = 0.04648
P(Xbar
2.50) = P(
) = P(Z
-3.92) = 1 - P(Z < 3.92)
= 1 - 0.99996 = 0.00004
Therefore, P(2.50 < Xbar < 2.66) = 0.04648 - 0.00004 = 0.046
Answer:
h=81
Step-by-step explanation:
Dont know how to explain but this is the answer
You just apply the ^4 to everything inside. It multiplies with the powers. of the numbers inside. 9^(1*4) * g^(1*4) * s^(4*4)
Answer:
44
Step-by-step explanation: