Which represents the inverse of the function f(x) = 4x?
1 answer:
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Answer:
95.64% probability that pledges are received within 40 days
Step-by-step explanation:
Problems of normally distributed samples are solved using the z-score formula.
In a set with mean and standard deviation
, the zscore of a measure X is given by:
The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.
In this problem, we have that:
What is the probability that pledges are received within 40 days
This is the pvalue of Z when X = 40. So
has a pvalue of 0.9564
95.64% probability that pledges are received within 40 days
Answer:
Step-by-step explanation:
step 1
<u><em>Simple interest</em></u>
we know that
The simple interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
in this problem we have
substitute in the formula above
step 2
<u><em>Interest compounded annually</em></u>
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
step 3
Find the differences between the two final amounts