Find the interest on a student loan of $5,000 at 3.5% for 5 years.
1 answer:
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Answer:
The expected amount for a duration of 20 weeks is $9.4
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Step-by-step explanation:
Read attachment to understand the complete question
From the question, we have the following given parameters:
x = Amount paid for a second movie
--- Expected value of x
--- Standard deviation of x
Required
Determine the total amount paid for a second movie for 20 weeks
The required implies that we calculate the expected value for a duration of 20 weeks.
i.e.
If
Then:
Substitute 20 for n
Substitute 0.47 for E(x)
<em>Hence, the expected amount for a duration of 20 weeks is $9.4</em>
