Answer:
If the interest per quarter is 4% (but interest is only compounded annually), then it will take (72 / 4) = 18 quarters or 4.5 years to double the principal. If the population of a nation increases at the rate of 1% per month, it will double in 72 months, or six years.
Step-by-step explanation:
hope this helps
Mean=0.48
standard deviation=0.01
thus using the z-score:
P(x>0.5) we shall have the following:
z=(0.5-0.48)/0.01=2
thus
P(x>0.5)
=1-P(x<0.5)
=1-P(z<2)
=1-0.9772
=0.0228
This is basically just saying you'll go outside Tuesday because it's sunny. Sunny weather is nice weather.
