Find the value of 10% of Rs. 25
2 answers:
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suppose the people have weights that are normally distributed with a mean of 177 lb and a standard deviation of 26 lb.
Find the probability that if a person is randomly selected, his weight will be greater than 174 pounds?
Assume that weights of people are normally distributed with a mean of 177 lb and a standard deviation of 26 lb.
Mean = 177
standard deviation = 26
We find z-score using given mean and standard deviation
z =
=
=-0.11538
Probability (z>-0.11538) = 1 - 0.4562 (use normal distribution table)
= 0.5438
P(weight will be greater than 174 lb) = 0.5438
Answer:
$3027.80
Explanation:
The compound interest formula is the following.
where
A = final amount
P = principle amount
r = interest rate / 100
n = number of compounds per interval
t = time interval
Now in our case,
A = unknown
P = $1900
r = 10.4/100
n = 12 months / year ( because the interest is compounded monthly)
t = 4.5 yrs
Therefore, the compound interest formula gives
Using a calculator, we evaluate the above to get
which is our answer!