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Aleks04 [339]
3 years ago
8

Limone's Lemonade Corp. has a savings plan for its employees. If an employee makes an initial contribution of $1,000.00, the com

pany pays 8% interest compounded quarterly. What is the value of the account after 5 years?
Mathematics
1 answer:
Assoli18 [71]3 years ago
7 0

Answer: I don't know

Step-by-step explanation:The annual interest rate is 5%, and the interest accrues at a compounding rate for five years. To calculate the monthly interest, simply divide the annual interest rate by 12 months. The resulting monthly interest rate is 0.417%

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. A random sample of 100 children with working mothers showed that they were absent from school an average of 6 days per term wi
erica [24]

Answer:

a) The equation is:

Confidence Interval = Mean ± Z score × Standard deviation/√Number of samples

b) The 98% confidence interval = (5.62784, 6.37216)

Step-by-step explanation:

a. Write down the equation you should use to construct the confidence interval for the average number of days absent per term for all the children. (10 points)

Confidence Interval = Mean ± Z score × Standard deviation/√Number of samples

b. Determine a 98% confidence interval estimate for the average number of days absent per term for all the children. (10 points)

Confidence Interval = Mean ± Z score × Standard deviation/√Number of samples

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Z score of 98% confidence interval = 2.326

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= 6 - 0.37216

= 5.62784

6 + 0.37216

= 6.37216

Therefore, the 98% confidence interval = (5.62784, 6.37216)

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3 years ago
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