Precision is more like consistency. Take a rifle range for example. Sure, all the shots may be off centered, but if they're tightly grouped together, it shows that the shooter had precision in their shooting. Accuracy is how close to spot on the attempts or shots generally are. They would end up more towards the center, but a little more spread out.
A)
Let X be the food expenditure of a family.
Let the population mean of an expenditure of a family be.
Let the population standard deviation of an expenditure of a family be.
The proportion families spend more than $30 but less than $490 per month on food is,
Answer:
- a) P(x) = 32000*1.04^x
- b) $37435
- c) During year 7
Step-by-step explanation:
<u>Given</u>
- Initial pay = $32000
- Increase rate = 4%
a. <u>Formula</u>
b. Year 5 is after 4 years, so we are looking for the value of P(4)
- P(4) = $32000*1.04^4 = $37435
c. <u>P(x) = 40000, x = ?</u>
- 40000 = 32000*1.04^x
- 1.04^x = 40000/32000
- 1.04^x = 1.25
- log 1.04^x = log 1.25
- x = log 1.25 / log 1.04
- x = 5.69, this is 6 years after
The required number of the years is 6 + 1 = 7
