Francis deposits $11,000 in an IRA. What will be the value of his investment in 9 years if the investment is earning 4.1% per ye
2 answers:
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Answer:
The answer is below
Step-by-step explanation:
Let x represent the number of small hat purchased, y represent the number of medium hat purchased and z represent the number of large hat purchased.
Since a total of 47 hats where purchased, hence:
x + y + z = 47 (1)
Also, he spent a total of $302, hence:
5.5x + 6y + 7z = 302 (2)
He purchases three times as many medium hats as small hats, hence:
y = 3x
-x + 3y = 0 (3)
Represent equations 1, 2 and 3 in matrix form gives:
Therefore he purchases 6 small hats, 18 medium hats and 23 large hats
Answer:
We need a sample size of at least 75.
Step-by-step explanation:
We have that to find our level, that is the subtraction of 1 by the confidence interval divided by 2. So:
Now, we have to find z in the Ztable as such z has a pvalue of .
So it is z with a pvalue of , so
Now, we find the margin of error M as such
In which is the standard deviation of the population and n is the size of the sample.
The standard deviation is the square root of the variance. So:
With a .95 probability, the sample size that needs to be taken if the desired margin of error is 5 or less is
We need a sample size of at least n, in which n is found when M = 5. So
We need a sample size of at least 75.