Answer:
42 is your answer becasue 20% of 210 is 42
Answer:
This is a reasonable decision because the sample size has no effect on the 90% confidence interval
Step-by-step explanation:
90% confidence interval
larger sample size = 20
condition : sample mean ( x-bar ) is the same for both samples
<em>This is a reasonable decision because the sample size has no effect on the 90% confidence interva</em>l
<u>from condition 1 :</u>
Amount of drink dispensed is normally distributed with known standard deviation , given a random sample of n drinks and the sample mean at a confidence interval of 90%
<u>for condition 2 :</u>
sample size = 20
mean = 2.25 ( assumed value )
std = 0.15 ( assumed value )
Z = 1.645 ( Z-value )
determine the 90% confidence interval
= mean ± z 
= 2.25 ± 1.645 
= 2.25 ± 0.0335 = ( 2.2835 , 2.2165 )
Answer:
(a) 3 years FV=$4,221.80
(b) 6 years FV=$5,092.46
(c) 9 years FV=$6,142.69
Step-by-step explanation:
The formula for continuously compounded interest is
FV = PV x e^(i x t)
where,
FV=future value of the investment,
PV= present value,
i = stated interest rate,
t = time in years,
e= mathematical constant approximated as 2.7183.
In this case,
PV=$3,500
i = 6.25%
(a) 3 years
FV = PV x e^(i x t)
FV = $3,500 x e^(6.25%x3)
FV=$4,221.80
(b) 6 years
FV = $3,500 x e^(6.25%x6)
FV=$5,092.46
(c) 9 years
FV = $3,500 x e^(6.25%x9)
FV=$6,142.69