Answer:
a
Step-by-step explanation:
We have been given that an account is opened with a balance of $3,000 and relative growth rate for a certain type of mutual fund is 15% per year.
In order to tackle this problem we have to find the value of mutual fund after 5 years. For our purpose we will use compound interest formula.
,where A= amount after t years, P= principal amount, r= interest rate (decimal) and t= number of years.
After substituting our given values in above formula we will get
Now we will solve for A
Therefore, after 5 years mutual fund is worth $6034.07.
Answer:
Step-by-step explanation:
Given that the demand for the 6 p.m. flight from Toledo Express Airport to Chicago's O'Hare Airport on Cheapfare Airlines is normally distributed with a mean of 132 passengers and a standard deviation of 42
Let X be the no of passengers who report
X is N(132, 42)
Or Z is 
a) Suppose a Boeing 757 with a capacity of 183 passengers is assigned to this flight.
the probability that the demand will exceed the capacity of this airplane
=

b) the probability that the demand for this flight will be at least 80 passengers but no more than 200 passengers
=
=0.4474+0.3907
=0.8381
c) the probability that the demand for this flight will be less than 100 passengers

d) If Cheapfare Airlines wants to limit the probability that this flight is overbooked to 3%, how much capacity should the airplane that is used for this flight have? passengers
=
e) 79th percentile of this distribution
=
Answer:
$679.4
Step-by-step explanation:
commision: $249.4
earnings: $430
$249.4 + $430 = $679.4
Answer:
12
Step-by-step explanation:
When the numerators are the same, the denominator that is bigger has a lesser value. In this case, the inequality > shows that
is bigger than the fraction next to it so in order to find a fraction that is lesser in value than
, we need to find a denominator that is <u>more than 10</u>, since 10 is the denominator of the first fraction. The only number more than 10 in the options is 12, so 12 is the answer.