The width of a rectangle is 4 feet, and the diagonal length of the rectangle is 15 feet. Which measurement is closest to the len
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THIS IS THE COMPLETE QUESTION BELOW;
The weekly salaries of sociologists in the United States are normally distributed and have a known population standard deviation of 425 dollars and an unknown population mean. A random sample of 22 sociologists is taken and gives a sample mean of 1520 dollars.
Find the margin of error for the confidence interval for the population mean with a 98% confidence level.
z0.10 z0.05 z0.025 z0.01 z0.005
1.282 1.645 1.960 2.326 2.576
You may use a calculator or the common z values above. Round the final answer to two decimal places.
Answer
Margin error =210.8
Given:
standard deviation of 425
sample mean x=1520 dollars.
random sample n= 22
From the question We need to to calculate the margin of error for the confidence interval for the population mean .
CHECK THE ATTACHMENT FOR DETAILED EXPLANATION
Annually The amount after 10 years = $ 7247.295
quarterly compound after 10 years = $7393.5
Continuously interest =$7,419
Given:
P = the principal amount
r = rate of interest
t = time in years
n = number of times the amount is compounding.
Principal = $4500
time= 10 year
Rate = 5%
To find: The amount after 10 years.
The principal amount is, P = $4500
The rate of interest is, r = 5% =5/100 = 0.05.
The time in years is, t = 10.
Using the quarterly compound interest formula:
A = P (1 + r / 4)4 t
A= 4500(1+.05/4)40
A= 4500(4.05/4)40
A= 4500(1.643)
Answer: The amount after 10 years = $7393.5
Using the Annually compound interest formula:
A = P (1 + r / 100) t
A= 4500(1+5/100)10
A= 4500(105/100)10
Answer: The amount after 10 years = $ 7247.295
Using the Continuously compound interest formula:
e stands for Napier’s number, which is approximately 2.7183
A= $2,919
Answer: The amount after 10 years = $4500+$2,919=$7,419
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