Answer:
$106
Step-by-step explanation:
The formula given for Monthly payment of a loan =
P × [ r (1 + r)/(1 + r)^n - 1
Where
r = interest rate
n = number of monthly payments
P = Present value of the loan
From the question,
r = interest rate, we were told to ignore hence, r = 0
P = $3,175
n = 30
Hence,
Amount to be paid monthly = P/n
= $3175/30
= $105.83
Approximately to the nearest dollars
= $106
So in every 5 people, theres 1 left and 4 right.
so therefore there is 25 right handed people and 5 left handed people
(a) Average time to get to school
Average time (minutes) = Summation of the two means = mean time to walk to bus stop + mean time for the bust to get to school = 8+20 = 28 minutes
(b) Standard deviation of the whole trip to school
Standard deviation for the whole trip = Sqrt (Summation of variances)
Variance = Standard deviation ^2
Therefore,
Standard deviation for the whole trip = Sqrt (2^2+4^2) = Sqrt (20) = 4.47 minutes
(c) Probability that it will take more than 30 minutes to get to school
P(x>30) = 1-P(x=30)
Z(x=30) = (mean-30)/SD = (28-30)/4.47 ≈ -0.45
Now, P(x=30) = P(Z=-0.45) = 0.3264
Therefore,
P(X>30) = 1-P(X=30) = 1-0.3264 = 0.6736 = 67.36%
With actual average time to walk to the bus stop being 10 minutes;
(d) Average time to get to school
Actual average time to get to school = 10+20 = 30 minutes
(e) Standard deviation to get to school
Actual standard deviation = Previous standard deviation = 4.47 minutes. This is due to the fact that there are no changes with individual standard deviations.
(f) Probability that it will take more than 30 minutes to get to school
Z(x=30) = (mean - 30)/Sd = (30-30)/4.47 = 0/4.47 = 0
From Z table, P(x=30) = 0.5
And therefore, P(x>30) = 1- P(X=30) = 1- P(Z=0.0) = 1-0.5 = 0.5 = 50%
Answer:
1.7
Step-by-step explanation:
