You deposit $5000 in an account earning 2.0% interest compounded quarterly. How much interest will you earn over 12 years? Round
1 answer:
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Answer:
center = 98.6, variability = 0.08
Step-by-step explanation:
The Central Limit Theorem estabilishes that, for a random variable X, with mean and standard deviation
, the sample means with size n of at least 30 can be approximated to a normal distribution with mean
and standard deviation
The center is the mean.
So
The standard deviation of the sample of 50 adults is the variability, so
So the correct answer is:
center = 98.6, variability = 0.08