The worth of Sarah's investment when she is 68 is $14,728.51.
<h3>What is the worth of the investment?</h3>
The formula that can be used to determine the worth of the investment is:
FV = P (1 + r)^n
FV = Future value
P = Present value
R = interest rate
N = number of years = 68 - 18 = 50
$500 x (1.07)^50 = $14,728.51
To learn more about future value, please check: brainly.com/question/18760477
A: 1:1 unless they want you to count both arms then it would be B: 2:2
Answer:
0.75
Step-by-step explanation:
9514 1404 393
Answer:
a) P(t) = 6.29e^(0.0241t)
b) P(6) ≈ 7.3 million
c) 10 years
d) 28.8 years
Step-by-step explanation:
a) You have written the equation.
P(t) = 6.29·e^(0.0241·t)
__
b) 2018 is 6 years after 2012.
P(6) = 6.29·e^(0.0241·6) ≈ 7.2686 ≈ 7.3 . . . million
__
c) We want t for ...
8 = 6.29·e^(0.0241t)
ln(8/6.29) = 0.0241t
t = ln(8/6.29)/0.0241 ≈ 9.978 ≈ 10.0 . . . years
__
d) Along the same lines as the calculation in part (c), doubling time is ...
t = ln(2)/0.0241 ≈ 28.7613 ≈ 28.8 . . . years
Using the Central Limit Theorem, the branch manager can be 95% certain that the sample mean will fall within $1.034 of the mean.
<h3>What does the Central Limit Theorem state?</h3>
- It states that the sampling distribution of sample means of size n has standard deviation
.
- By the Empirical Rule, 95% of the sample means fall within 2 standard errors of the mean.
In this problem, we have that the standard deviation and the sample size are given as follows:

Hence the standard error is given by:
[tex]s = \frac{10.34}{\sqrt{400}} = 0.517.
Two standard errors is represented by:
2 x 0.517 = $1.034.
Hence, the branch manager can be 95% certain that the sample mean will fall within $1.034 of the mean.
More can be learned about the Central Limit Theorem at brainly.com/question/24663213
#SPJ4