stephanie invests $3,991 in a retirement account with a fixed annual interest rate of 6% compound continuously. What will the ac
1 answer:
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Answer:
25.5 days
Step-by-step explanation:
Mean number of days (μ) = 22 days
Standard deviation (σ) = 6 days
Z-score for the 72nd percentile (according to tabulated values) = 0.583
The z-score for any number of days, X, is determined by:
The value of X that is greater than 72% of the trial times is:
Therefore, 72% of all of these types of trials are completed within 25.5 days.
