15 Jesse has to save at least $150 to buy a new phone. He already has $70 in his wallet. He plans to save $20 every each from hi
1 answer:
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Answer:
(a) $7492
(b) $10,253
(c) $14,032
Step-by-step explanation:
As we know, the final Amount can be calculated with the formula for compound interest,
A = P(1 + \frac{r}{n} )^{nt}
where,
A = Final Amount due
P = Initial principal amount borrowed
r = rate of interest in decimal
n = number of times applied per time period
t = total time period
Now, according to the given data,
(a) in 4 years ;-
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⇒
(b) in 6 years ;-
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⇒
(c) in 8 years ;-
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Answer:
Step-by-step explanation:
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".
The population proportion have the following distribution
And we can solve the problem using the z score on this case given by:
We are interested on this probability:
And we can use the z score formula, and we got this:
And we can find this probability like this: