Answer:
The best choice would be hiring a random employee from company A
Step-by-step explanation:
<em>Supposing that the performance rating of employees follow approximately a normal distribution on both companies</em>, we are interested in finding what percentage of employees of each company have a performance rating greater than 5.5 (which is the mean of the scale), when we measure them in terms of z-scores.
In order to do that we standardize the scores of both companies with respect to the mean 5.5 of ratings
The z-value corresponding to company A is
where
= mean of company A
= 5.5 (average of rating between 1 and 10)
s = standard deviation of company A
We do the same for company C
This means that 27.49% of employees of company C have a performance rating > 5.5, whereas 71.42% of employees of company B have a performance rating > 5.5.
So, the best choice would be hiring a random employee from company A
Answer:
x+3=18
If her age is currently x , then 3 years later it would be 18 .
so,
x+3=18
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Compound Interest is the interest that is <em>compounded on a particular sum of money or investment over a given period of time.</em>
- The interest for the first year is $1,576.25
- The sum of money after adding the original to the interest is $11,576.25
- The interest on the new total is $13,400.96
- Step 1: Find the interest for the first year.
The formula is given as:
A = P(1 + r/n)^nt
P = Principal = $10,000
R = Rate = 5%
n = 1
t = 1
First, convert R as a percent to r as a decimal
r = R/100
r = 5/100
r = 0.05 rate per year,
Then solve the equation for A
A = P(1 + r/n)^nt
A = 10,000(1 + 0.05/1)^(1)(3)
A = 10,000.00(1 + 0.05)^(3)
A = $11,576.25
I = A - P
Hence:
I = $11,576.25 - $10,000.00
I (interest) = $1,576.25
-
Step 2: Add the interest to the original amount.
$10,000 + $1,576.25
= $11,576.25
-
Step 3: Determine interest in the new total
The formula is given as:
A = P(1 + r/n)^nt
P = Principal = $11,576.25
r = 0.05 rate per year,
Then solve the equation for A
A = P(1 + r/n)^nt
A = 11,576.25(1 + 0.05/1)^(1)(3)
A = 11,576.25(1 + 0.05)^(3)
A = $13,400.96
Therefore,
- The interest for the first year is $1,576.25
- The sum of money after adding the original to the interest is $11,576.25
- The interest on the new total is $13,400.96
To learn more, visit the link below:
brainly.com/question/16020930
Answer:
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Step-by-step explanation:
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