Mohammed is x years old.
1 answer:
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Answer:
<u>$7000</u> of his salary is put into his account each quarter.
Step-by-step explanation:
Given:
An investment broker puts 1/12 of his paycheck into a retirement account every quarter.
His salary is $84,000.
Now, to find the amount of his salary put into his account each quarter.
So,to get the amount of his salary:
Therefore, $7000 of his salary is put into his account each quarter.
Answer:
27% of the possible Z values are greater than 0.613
Step-by-step explanation:
When the distribution is normal, we use 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 question, we have that:
27% of the possible Z values are greater than
The 100 - 27 = 73rd percentile, which is X when Z has a pvalue of 0.73. So X when the z-score is 0.613.
27% of the possible Z values are greater than 0.613