100%-30%=70%
100%+30%=130%
to decrese by 30%, multiply by 70%
to increase by 30%, multiply by 130%
The option c is the answer because
2p=p (1.07)^x
2=1.07^x
Solve for x
X=log(2)÷log(1.07)
x=10 years the amount will be doubled after 10 years
But your option says the investment will (more) than double with (12) years
So it's correct
Answer:
a) 25 is 3 standard deviation from the mean
b) Is far away from the mean, only 0,3 % away from the right tail
c) 25 is pretty close to the mean (just a little farther from 1 standard deviation)
Step-by-step explanation:
We have a Normal Distribution with mean 16 in.
Case a) we also have a standard deviation of 3 inches
3* 3 = 9
16 (the mean) plus 3*σ equal 25 in. the evaluated value, then the value is 3 standard deviation from the mean
Case b) 25 is in the range of 99,7 % of all value, we can say that value is far away from the mean, considering that is only 0,3 % away from the right tail
Case c) If the standard deviation is 7 then
mean + 1*σ = 16 + 7 =23
25> 23
25 is pretty close to the mean only something more than 1 standard deviation
You would pay $3.75
7.50÷2
