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The distribution is uniform for 50 ≤ x ≤ 52.
where x = minutes per class.
The probability P(x < 50.6) is the shaded portion of the distribution.
Its value is
(50.6 - 50)/(52 - 50) = 0.3
Answer:
The probability is 0.3 or 30%
where x = minutes per class.
The probability P(x < 50.6) is the shaded portion of the distribution.
Its value is
(50.6 - 50)/(52 - 50) = 0.3
Answer:
The probability is 0.3 or 30%
Amount must the owner make to have the cost of the ski lift in 5 years is $6,711,045.22.
<h3>What is compound interest?</h3>
Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on principal plus interest.
A = P(1 + r/n)
P =5,500,000
r =4%= 0.004
n =4
t= 5 years.
Now,
A = P(1 + r/n)
A = 5,500,000.00(1 + 0.04/4)
A = 5,500,000.00(1 + 0.01)
A = $6,711,045.22
Hence, The total amount accrued is $6,711,045.22.
Learn more about compound interest here:
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