If you earn 15% on your investment how long will it take for your money to double using the rule of 72

Mathematics

1 answer:

navik [9.2K]3 years ago

7 0

Answer:

If you earn 15% the answer will be 10.8

Step-by-step explanation:

I know this because if you use the rule of 72 you will have to divide the two numbers together and the you will come out with 10.8

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Answer:

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Step-by-step explanation:

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A person recently read that 84% of cat owners are women. How large a sample should the researcher take if she wishes to be 90% c

Lana71 [14]

Answer:

405

Step-by-step explanation:

To find sample size, use the following equation, where n = sample size, za/2 = the critical value, p = probability of success, q = probability of failure, and E = margin of error.

$n=\frac{(z_{\frac{\alpha }{2} })^{2} *p*q }{E^2}$

The values that are given are p = 0.84 and E = 0.03.

You can solve for the critical value which is equal to the z-score of (1 - confidence level)/2. Use the calculator function of invNorm to find the z-score. The value will given with a negative sign, but you can ignore that.

(1 - 0.9) = 0.1/2 = 0.05

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You can also solve for q which is 1 - p. For this problem q = 1 - 0.84 = 0.16

Plug the values into the equation and solve for n.

$n =\frac{(1.645)^2*0.84*0.16}{(0.03)^2}\\n= 404.0997333$