In one statistics course, students reported studying an average of 9.92 hours a week, with a standard deviation of 4.54. jessica
is working two jobs and struggles to find time to study, averaging only 3 hours per week. what percent of students are at least as extreme as jessica, in both directions? (round z score to two decimal places.)
1 answer:
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Answer:
$119.56
Explanation:
We will use compound interest formula to solve this problem.
The formula is:
Where
F is the future value
P is the present amount
r is the rate of interest per period
t is the number of periods
Here,
F is the value we want, after 3 years
P is the present amount, $100
r is the rate of interest per quarter (per period)
Given r = 6% annually, so that would make:
6%/4 = 1.5% per quarter, or 1.5/100 = 0.015
Also, t is the number of quarters in 3 years, that would be 4*3 = 12
Now, substituting, we get our answer:
The first answer choice is right, $119.56
Answer:
Please find attached detailed solution to the above question.
Explanation:
Please as attached detailed solution.
