The Floyds have considered three options to ensure they have at least $1,375 saved for their trip.

1 answer:

4 0

I am guessing you are talking about Option 3. They start with $125. So they times it by 1.25 as we are using the multiplier method. So in the First month, it will be 156.25. Second it will be 195.3125. So in August it will be $476.837157. Of couse round it and you will get $476.84.

I believe there is a more efficent way of doing this but I have forgotten.

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<h3>What is the z-score?</h3>

The z-score is a statistical evaluation of a value's correlation to the mean of a collection of values, expressed in terms of standard deviation.

The z-score is given as

z = (x - μ) / σ

Where μ is the mean, σ is the standard deviation, and x is the sample.

The weight of a cat is normally distributed with a mean of 9 pounds and a standard deviation of 2 pounds.

Then the probability that a cat will weigh less than 11 pounds will be

The value of z-score will be

z = (11 – 9) / 2

z = 1

Then the probability will be

P(x < 11) = P(z < 1)

P(x < 11) = 0.84134

Thus, the probability that a cat will weigh less than 11 pounds will be 0.84134.