3 is to 14 as 12 is to what number? O 3.5 O 2.6 O 42 O 56
2 answers:
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Answer:
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the total amount owed
P is the amount of money borrowed
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
Answer:
The number of times it would take more than 27 minutes to manufacture a pair of running shoes is 2.275 times or approximately 2 times per every 100 shoes
Step-by-step explanation:
The average time it takes to manufacture a pair of shoes = 21 minutes;
The standard deviation = 3 minutes
To find how often it takes more than 27 minutes to manufacture a pair of running shoes, we have;
Standard score, given as follows;
Where;
x = The raw score = 27 minutes
μ = The average score = 21 minutes
σ = The standard deviation = 3 minutes
From which we have;
Therefore, it is borderline unusual with a p value of P(z>2) = 1 - 0.97725 = 0.02275
Therefore, the number of times out of 100 that it would take more than 27 minutes to manufacture a pair of running shoes = 100 × 0.02275 = 2.275 times which is approximately 2 times in every 100 shoes.