PV=FV/(1+i)^t
FV=7000, i=3.5%=0.035,t=9
put everything in the formula
PV=7000/(1+0.035)^9
PV=$5136.12
Maybe something like 24/4=6. so sorry if I'm incorrect.
Answer:
33
Step-by-step explanation
22 divided by 2 is 11
it says four years ago so add 11 and 4 and that equals 15
she is 15 right now. then add 22 which is 37 and subtract 4 which your answer would be 33
.059, you move the decimal point two times to the left and the other way around when you want to convert into a percent
Complete Question:
A manufacturer produces piston rings for an automobile engine. It is known that ring diameter is normally distributed with ? = 0.001 millimeters. A random sample of 15 rings has a mean diameter of \bar{X}= 74.106. Construct a 99% two-sided confidence interval on the true mean piston diameter and a 95% lower confidence bound on the true mean piston diameter.
(Round your answers to 3 decimal places.)
(Calculate the 99% two-sided confidence interval on the true mean piston diameter.
Answer:
99% true sided confidence Interval on the true mean Piston diameter = (74.105, 74.107)
Step-by-step explanation:
Check the attached file for the complete solution