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3 years ago

Joseph invested $16,000 in an account paying an interest rate of 5.7% compounded

Mathematics

2 answers:

Natasha_Volkova [10]3 years ago

5 0

Answer: 34767.2

Step-by-step explanation:

given p = $16,000, n = 14 years, y = 5.7%

amount in bank after 14 years = p ( 1 + </100)

= 16,000 (1 + 5.7/ 100) 14

= 34767.2

Taya2010 [7]3 years ago

3 0

Answer:

$35537.51

Step-by-step explanation:

Required formula:

P(t) = P₀ $e^{rt}$

Substitute values and solve:

P(14) = 16000 $e^{0.057*14}$
P(14) = 35537.51

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Answer:

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Step-by-step explanation:

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Nataly [62]

Answer:

$(0.582-0.485) - 1.64 \sqrt{\frac{0.582(1-0.582)}{144796} +\frac{0.485(1-0.485)}{211693}}=0.0942$

$(0.582-0.485) + 1.64 \sqrt{\frac{0.582(1-0.582)}{144796} +\frac{0.485(1-0.485)}{211693}}=0.09978$

And the 90% confidence interval would be given (0.0942;0.09978).

We are confident at 90% that the difference between the two proportions is between $0.0942 \leq p_A -p_B \leq 0.09978$

Step-by-step explanation:

Previous concepts

A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".

The margin of error is the range of values below and above the sample statistic in a confidence interval.

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

$p_A$ represent the real population proportion female for Biology

$\hat p_A =\frac{84199}{144796}=0.582$ represent the estimated proportion female for biology

$n_A=144796$ is the sample size for A

$p_B$ represent the real population proportion female for calculus AB

$\hat p_B =\frac{102598}{211693}=0.485$ represent the estimated proportion female for Calculus AB

$n_B=211693$ is the sample size required for B

$z$ represent the critical value for the margin of error

The population proportion have the following distribution

$p \sim N(p,\sqrt{\frac{p(1-p)}{n}})$

The confidence interval for the difference of two proportions would be given by this formula

$(\hat p_A -\hat p_B) \pm z_{\alpha/2} \sqrt{\frac{\hat p_A(1-\hat p_A)}{n_A} +\frac{\hat p_B (1-\hat p_B)}{n_B}}$

For the 90% confidence interval the value of $\alpha=1-0.90=0.1$ and $\alpha/2=0.05$ , with that value we can find the quantile required for the interval in the normal standard distribution.