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faltersainse [42]
3 years ago
6

Alex invests his money in an account paying 2% interest compounded semiannually. What is the effective annual yield on this acco

unt? Enter your response as a percentage rounded to two decimal places and omit the percent sign (7.25% should be input as 7.25.)
Mathematics
1 answer:
Travka [436]3 years ago
3 0

Answer: 2.01%.

Step-by-step explanation:

Suppose Alex invests $1 into the account for one year. The formula is A=P0⋅(1+rk)N⋅k with P0=$1. We know that r=0.02 and k=2 compounding periods per year. Now, N=1 year. Substituting the values we have A=$1⋅(1+0.022)2=$1.0201. Now, to calculate the effective annual yield, we will use the formula rEFF=A−P0P0. rEFF=1.0201−11=0.0201 or 2.01%. When rounded to two decimals, rEFF=2.01%. However, do not include the % in your answer.

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A small hair salon in Denver, Colorado, averages about 82 customers on weekdays with a standard deviation of 16. It is safe to a
Natali5045456 [20]

Answer:

There is a 3.44% probability to get a sample average of 93 or more customers if the manager had not offered the discount.

Step-by-step explanation:

Problems of normally distributed samples can be solved using the z-score formula.

In a set with mean \mu and standard deviation \sigma, the zscore of a measure X is given by

Z = \frac{X - \mu}{\sigma}

After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X. Subtracting 1 by the pvalue, we This p-value is the probability that the value of the measure is greater than X.

In this problem, we have that:

A small hair salon in Denver, Colorado, averages about 82 customers on weekdays with a standard deviation of 16. This means that \mu = 82, \sigma = 16

She reports that her strategy has worked since the sample mean of customers during this 7 weekday period jumps to 93. What is the probability to get a sample average of 93 or more customers if the manager had not offered the discount?

This is 1 subtracted by the pvalue of Z when X = 93.

We also have to find a standard deviation of the sample(that is, the 7 days), so:

s = \frac{\sigma}{\sqrt(7)} = \frac{16}{\sqrt(7)} = 6.05

Z = \frac{X - \mu}{\sigma}

Z = \frac{93-82}{6.05}

Z = 1.82

Z = 1.82 has a pvalue of 0.9656.

This means that there is a 1-0.9656 = 0.0344 = 3.44% probability to get a sample average of 93 or more customers if the manager had not offered the discount.

6 0
3 years ago
After t seconds, a ball tossed in the air from the ground level reaches a height of h feet given by the equation h = 144t-16t^2
lesantik [10]
144t-16t^2= 16t(9-t)
after 3 seconds (just substitute t=3):
16(3)(9-3)=
16(3)(6)=
16*18=
288
maximum height: find the average of the roots:
the roots of 16t(9-t) are t=0 or t=9
since it's a parabola, the maximum is at t=4.5, at 324 ft
if its height is 224 feet, the equation is 224=144t-16t^2
16t^2-144t+224=0
divide by 16: t^2-9t+14=0
this can be factored as (t-2)(t-7)=0
the roots are t=2 and t=7, so the ball has been in the air for either 2 seconds or 7 seconds
the roots to 144t-16t^2 are 0 and 9, so the ball will hit the ground 9 seconds after being thrown
4 0
3 years ago
Read 2 more answers
What is the slope<br> A. Undefined <br> B. 0
Tasya [4]
i think its undifined
maybe it is. Because you can't see something there
3 0
3 years ago
Consider the following game. There is a bottle with 20 colored chips inside. There are 2 blue chips, 4 purple chips, 7 green chi
vekshin1

Answer: Expected value of playing the game is $0.

Step-by-step explanation:

Since we have given that

Total number of colored chips = 20

Number of blue chips = 2

Number of purple chips = 4

Number of green chips = 7

Number of red chips = 7

Amount of prize he gets for blue chip = $10

Amount of prize he gets for a purple chip = $5

No amount is given for red or green

Amount he had to pay = $2

So, Expected value of playing the game is given by

\frac{2}{20}\times 10+\frac{4}{20}\times 5+7\times 0+7\times 0-2\\\\=1+1-2\\\\=2-2\\\\=\$0

Hence, Expected value of playing the game is $0.

6 0
3 years ago
Read 2 more answers
Rewrite the following sentence in the passive voice:
Shalnov [3]

Answer:

When the tourists came, the people of Zanzibar extended a warm welcome.​

3 0
3 years ago
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