Answer:
6%
Step-by-step explanation:
We have to calculate the interest rate in the note, we must follow the following steps, calculate the amount of time remaining from the year 2021, as follows:
interest is for 5 months i.e. from Aug 01 to Dec 31 for year 2021
, so it means it would be 5/12 months.
We have to calculate the interest as follows:
I = P * R * T
We replace:
200 = 8000 * R * 5/12
we solve for R
200 * 12/5 = 8000 * R
R * 8000 = 480
R = 480/8000
R = 0.06
Which means that the interest rate on the note is 6%
Here's link to the answer:
linkcutter.ga/gyko
As described in z-distribution the answers are given below:
a) The 95% confidence interval estimate for the population mean spending by a customer on visiting salon per month is given as follows: (747, 853).
b) The sampling error at 95% confidence level is of: $35.78.
What is a z-distribution ?
The normal distribution with a mean of 0 and a standard deviation of 1 is referred to as the standard normal distribution (also known as the Z distribution) (the green curves in the plots to the right). It is frequently referred to as the bell curve since the probability density graph resembles a bell.
solution:
The bounds of the confidence interval are given as follows:
In which:
is the sample mean.
z is the critical value.
n is the sample size. is the standard deviation for the population.
The parameters for this problem are given as follows:
Hence the lower bound of the interval is of:
800 - 200 x 1.96/square root of 55 = 747.
The upper bound of the interval is of:
800 + 200 x 1.96/square root of 55 = 853.
The sampling error for a sample size of 120 is calculated as follows:
200 x 1.96/square root of 120 = $35.78.
To learn more about the z-distribution from the given link
brainly.com/question/4079902
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