Edin has £300 in his saving account. His bank offers him a fixed 5% intrest per annum ,for three years.How much interest will he
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Answer:
a) 68 % will lie between 30 and 44 ounces
b) between 23 and 44 ounces will lie 81,5 %
Step-by-step explanation: See Annex
a) Normal Distribution N ( 37, 7)
The Empirical Rule establishes that 68 % of values will be at
μ ± 1 σ where μ is the mean and σ the standard deviation
Then: 37 - 7 = 30 and 37 + 7 = 44
68 % of the values will lie between 30 and 44 ounces
b) And between 23 and 44 we should find:
We have 95 % of values between
μ ± 2*σ
In our case to the left of the value (mean 0 ) and up to the value 23 we get 95/2 = 47,5 % and to the right of the value (mean 0 ) and up to 44 we half 68/2 = 34 %
Then between 23 and 44, we have 47,5 + 34 = 81,5 %
