Answer:
Step-by-step explanation:
Alright, lets get started.
Principal amount Joshua borrowed, P = $ 25000
rate of interest, r = 1.5 %
time, t = 2 years
simple interest =
simple interest =
Means $ 750 will be the interest of Joshua's loan.
So, Joshua needs to repay the SBA =
Hence, Joshua will repay $ 25750 to SBA after two years. : Answer
Hope it will help :)
Answer:
The company should guarantee a lifetime of less than equal to 20.95 years so that less than 3% of the television sets fail while under warranty.
Step-by-step explanation:
We are given the following information in the question:
Mean, μ = 36 years
Standard Deviation, σ = 8 years
We are given that the distribution of life of television sets is a bell shaped distribution that is a normal distribution.
Formula:
We have to find the value of x such that the probability is 0.03.
Calculation the value from standard normal z table, we have,
Thus, the company should guarantee a lifetime of less than or equal to 20.95 years so that less than 3% of the television sets fail while under warranty.