The town park is a rectangular strip of land with a width of 1/2 miles and an area of 1/8 square miles. How long is the town par
2 answers:
You might be interested in
Answer:
$1,701.64
Step-by-step explanation:
(see attached for reference)
recall that for compound interest, the following formula applies:
A = P [1 + (r/n) ] ^ (nt), where
A = final amount (we are asked to find this)
P = Principal amount = $1,200
r = interest rate = 5% = 0.05
t = 7 years
n = 12
Substituting these into the equation,
A = 1200 [1 + (0.05/12) ] ^ [(12)(7)]
A = $1,701.64
Answer:
D) (3.67, 4.73)
Step-by-step explanation:
Confidence Interval for the true average number of homes that a person owns in his or her lifetimecan be calculated using M±ME where
- M is the average number of home owned (4.2)
- ME is the margin of error from the mean
And margin of error (ME) can be calculated as
ME= where
- z is the corresponding statistic in the given confidence level(1.96)
- s is the standard deviation of the sample(2.1)
- N is the sample size (60)
Putting the numbers we get ME=≈0.53
Then the 95% confidence interval is 4.2±0.53 or (3.67, 4.73)