Answer:
And replacing the value obtained we got:
And if we solve for a we got
Step-by-step explanation:
Let X the random variable that represent the average home prices of a population, and for this case we know the distribution for X is given by:
Where
and
For this part we want to find a value a, such that we satisfy this condition:
(a)
(b)
We want to find a value who accumulate 0.10 of the area on the left and 0.90 of the area on the right of the normal standard distributon and for this case it's z=-1.282
And using the distribution for the sample mean we can do this:
And replacing the value obtained we got:
And if we solve for a we got
Step-by-step explanation:
Compound interest is interest that you earn on interest.And deposits in those accounts will compound the interest you earn, paying additional interest on interest you've already earned.
Simple Interest (S.I.) is the method of calculating the interest amount for a particular principal amount of money at some rate of interest
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