Answer:
And if we solve for a we got
Step-by-step explanation:
Previous concepts
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".
Solution to the problem
Let X the random variable that represent the hourly rates of a population, and for this case we know the distribution for X is given by:
For this part we want to find a value a, such that we satisfy this condition:
(a)
(b)
Both conditions are equivalent on this case. We can use the z score again in order to find the value a.
As we can see on the figure attached the z value that satisfy the condition with 0.80 of the area on the left and 0.20 of the area on the right it's z=0.842. On this case P(Z<0.842)=0.8 and P(z>0.842)=0.20
If we use condition (b) from previous we have this:
But we know which value of z satisfy the previous equation so then we can do this:
And if we solve for a we got
Answer:
65
Step-by-step explanation:
26 divided by 40 then multiply by a hundred
Time the -2 to p and -5 to get -2p+10+7p=-5
subtract the ten from both side getting -2p+7p=-15
if you add -2 to 7 it would be 5 getting 5p=-15
then you divide 5 from both sides getting p= -3
p =-3 is the correct answer
Given:
Deposit = $7500
Rate of interest = 2.75%
Time = 4 years
Compounded monthly
n = 12
To find:
The balance in the account after 4 years
Solution:
Compound interest formula:

Here P = $7500, r = 2.75%, n = 12 and t = 4.

To convert percentage into fraction, divide by 100.





The balance in his account after 4 years is $8371.03.