The appropriate choice is z = 1.41.
The empirical rule tells you 68% of the distribution is within 1 standard deviation, so p(z > 1) ≈ 0.17. This means the z value is more than 1 for the probability to drop to 0.08. The only choice that is greater than 1 is 1.41. (The number is actually about 1.40507.)
Answer:
The initial investment is $821.58
Step-by-step explanation:
Giving the following information:
Future Value (FV)= $90,597
Number of periods (n)= 25*12= 300
Interest rate (i)= 1.58% = 0.0158
<u>To calculate the initial investment, we need to use the following present value (PV) formula:</u>
PV= FV/(1+i)^n
PV= 90,597 / (1.0158^300)
PV= $821.58
The initial investment is $821.58
The answer is 2 2/8 or if it needs to be simplified then it would be 2 1/4.
Answer:
9.5 +7.4+13.2+3.2=33.3
Step-by-step explanation: