Central High wants to estimate the number of seniors who plan to go to a 4-year college. Answer the following.
2 answers:
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Answer:
9.694 years
Step-by-step explanation:
Let the investment is $P.
So, we are asked to determine the time it will grow to triple with the compound interest rate of 12%.
Let the time is y years.
So, from the formula of compound interest we can write
⇒
⇒
Now, taking log both sides we get,
y log 1.12 = log 3 {Since, }
⇒ 0.04922y = 0.477712
⇒ y = 9.694 years (Answer)
Answer:
By the Central Limit Theorem, the mean is 78, the standard deviation is and the shape is approximately normal.
Step-by-step explanation:
Central Limit Theorem
The Central Limit Theorem establishes that, for a normally distributed random variable X, with mean and standard deviation
, the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean
and standard deviation
.
For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.
Mean of 78 and a standard deviation of 6
This means that
Samples of n:
This means that the standard deviation is:
What are the mean, standard deviation, and shape of the distribution of x-bar for n?
By the Central Limit Theorem, the mean is 78, the standard deviation is and the shape is approximately normal.