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Ann [662]
3 years ago
12

Mrs. Scott opened an account with a deposit of $1,750. The bank pays 5% annual simple interest on this account. Mrs. Scott makes

no additional deposits or withdrawals. How much interest will the account have earned at the end of 2 years?
Mathematics
1 answer:
Korolek [52]3 years ago
3 0

Answer:

At the end of two years Mrs.Scott earned $1929.36 (i rounded the dec.)

Step-by-step explanation:

A= p(1+r)^t

P= 1750

r= .05

t= 2

A= 1750(1+.05)^2

A= 1929.375

You might be interested in
The square root of the sum of two consecutive odd integers is equal to 6. Find the larger integer.
o-na [289]
67 is the larger one because that is the right answer or it could be 6
3 0
2 years ago
CitiBank recorded the number of customers to use a downtown ATM during the noon hour on 32 consecutive workdays. 39 41 25 17 48
zaharov [31]

Answer:

Mean = 31.22

Midrange = 28.50

Geometric mean = 28.74

Trimmed mean = 31.56

Step-by-step explanation:

Given the data :

39 41 25 17 48 29 31 17 24 36 17 24 40 38 42 11 43 47 27 25 17 23 43 20 32 48 26 26 9 46 44 44

Ordered data :

9, 11, 17, 17, 17, 17, 20, 23, 24, 24, 25, 25, 26, 26, 27, 29, 31, 32, 36, 38, 39, 40, 41, 42, 43, 43, 44, 44, 46, 47, 48, 48

The mean, xbar :

Xbar = Σx / n = 999 / 32 = 31.22

The midrange : (maximum - minimum) / 2

Midrange = (48 + 9) / 2 = 57 / 2 = 28.5

Geometric mean :

(x1*x2*.. xn)^1/n

Geometric mean = (x1*x2*.. xn)^1/32 = 28.74

24% trimmed mean :

24% of 32 = 0.24 * 32 = 7.68 ; this mean cutting off 8 values from the top and bottom and calculating the mean of the remaining values.

Data left :

24, 24, 25, 25, 26, 26, 27, 29, 31, 32, 36, 38, 39, 40, 41, 42

Σx / n = 505 / 16 = 31.5625

Trimmed mean = 31.56

7 0
2 years ago
grain is stored in cylindrical structures called silos which is the best estimate for the volume of a silo with a diameter of 12
zalisa [80]
Volume of a cylinder = base x height
the base is the area of the circle at the bottom. 

To find the area of a circle, you use:
A = πr²
where r is the radius of the circle. 
radius is half of the diameter, so with a diameter of 12.3, (divide that by 2) the radius of the circle is 6.15 feet. 

A = π(6.15)²
A ≈ 118.82 

Since we know the height is 25 feet, we can solve for the area of the cylinder. 

Area of the cylinder = 118.82 x 25 = 2,970.57 feet cubed
8 0
3 years ago
A school principal ordered 1,000 pencils. He gave an equal number to each of 7 teachers until he had given out as many as possib
Semenov [28]
1000/7 = <span>142.857142857

Because this is not an even number we take "142", then times it by 7 teachers.

142*7= 994

1000 - 994 = 6 Pencils left</span>
3 0
3 years ago
The Wall Street Journal Corporate Perceptions Study 2011 surveyed readers and asked how each rated the Quality of Management and
kykrilka [37]

Answer:

The calculated χ² =  <u>17.0281</u>    falls in the critical region χ² ≥  9.49  so we reject the null hypothesis that  the quality of management and the reputation of the company are independent and conclude quality of management and the reputation of the company are dependent

The p-value is 0 .001909. The result is significant at p < 0.05

Part b:

40 > 8.5

35> 7.5

25> 4

Step-by-step explanation:

1) Let the null and alternative hypothesis as

H0: the quality of management and the reputation of the company are independent

against the claim

Ha: the quality of management and the reputation of the company are dependent

2) The significance level alpha is set at 0.05

3) The test statistic under H0 is

χ²= ∑ (o - e)²/ e where O is the observed and e is the expected frequency

which has an approximate chi square distribution with ( 3-1) (3-1)=  4 d.f

4) Computations:

Under H0 ,

Observed       Expected E              χ²= ∑(O-e)²/e

40                      35.00                          0.71

25                      24.50                         0.01

5                         10.50                         2.88  

35                      40.00                         0.62

35                      28.0                          1.75

10                       12.00                           0.33  

25                      25.00                             0.00

10                        17.50                              3.21

<u>15                       7.50                                 7.50  </u>

<u>∑                                                               17.0281</u>

     

     

Column Totals 100 70 30   200  (Grand Total)

5) The critical region is χ² ≥ χ² (0.05)2 = 9.49

6) Conclusion:

The calculated χ² =  <u>17.0281</u>    falls in the critical region χ² ≥  9.49  so we reject the null hypothesis that  the quality of management and the reputation of the company are independent and conclude quality of management and the reputation of the company are dependent.

7) The p-value is 0 .001909. The result is significant at p < 0.05

The p- values tells that the variables are dependent.

Part b:

If we take the excellent row total = 70 and compare it with the excellent column total= 100

If we take the good row total = 70 and compare it with the good column total= 80

If we take the fair row total = 50 and compare it with the fair column total= 30

The two attributes are said to be associated if

Thus we see that ( where (A)(B) are row and columns totals and AB are the cell contents)

AB> (A)(B)/N  

40 > 1700/200

40 > 8.5

35> 1500/200

35> 7.5

25> 800/200

25> 4

and so on.

Hence they are positively associated

8 0
3 years ago
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