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Morgarella [4.7K]
2 years ago
7

Paula has $3,281 in a savings account that earns 8% interest, compounded annually.

Mathematics
1 answer:
olga nikolaevna [1]2 years ago
8 0

Answer:

  • $262.48

Step-by-step explanation:

<u>Given:</u>

  • Saving amount P = $3281
  • Interest rate r = 8% or 0.08
  • Compound number n = 1
  • Time t = 1 year

<u>Find the total amount in 1 year:</u>

I = P(1 + r/n)^{nt}-PI = 3281*(1 + 0.08/1)^{1*1} -3281 = 3281*1.08 - 3281= 3281*0.08=262.48

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hree vertices of a rectangle are given. Find the coordinates of the fourth vertex. (–2, 4), (4, 0), (2, –3)
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V1=(-2,4)=(x1,y1)→x1=-2, y1=4
V2=(4,0)=(x2,y2)→x2=4, y2=0
V3=(2,-3)=(x3,y3)→x3=2, y3=-3
V4=(x4,y4)→x4=?, y4=?

V1-V2
dx=x2-x1=4-(-2)=4+2→dx=6
dy=y2-y1=0-4→dy=-4

V4-V3
dx=x3-x4→6=2-x4
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6=2-x4→6-2=2-x4-2→4=-x4→(-1)(4=-x4)→-4=x4→x4=-4

dy=y3-y4→-4=-3-y4
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A population has a mean of 200 and a standard deviation of 50. Suppose a sample of size 100 is selected and x is used to estimat
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Answer:

a) 0.6426 = 64.26% probability that the sample mean will be within +/- 5 of the population mean.

b) 0.9544 = 95.44% probability that the sample mean will be within +/- 10 of the population mean.

Step-by-step explanation:

To solve this question, we need to understand the normal probability distribution and the central limit theorem.

Normal probability distribution

When the distribution is normal, we use 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}

The Z-score measures how many standard deviations the measure is from the mean. 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, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.

Central Limit Theorem

The Central Limit Theorem estabilishes that, for a normally distributed random variable X, with mean \mu and standard deviation \sigma, the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean \mu and standard deviation s = \frac{\sigma}{\sqrt{n}}.

For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.

In this question, we have that:

\mu = 200, \sigma = 50, n = 100, s = \frac{50}{\sqrt{100}} = 5

a. What is the probability that the sample mean will be within +/- 5 of the population mean (to 4 decimals)?

This is the pvalue of Z when X = 200 + 5 = 205 subtracted by the pvalue of Z when X = 200 - 5 = 195.

Due to the Central Limit Theorem, Z is:

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

X = 205

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

Z = \frac{205 - 200}{5}

Z = 1

Z = 1 has a pvalue of 0.8413.

X = 195

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

Z = \frac{195 - 200}{5}

Z = -1

Z = -1 has a pvalue of 0.1587.

0.8413 - 0.1587 = 0.6426

0.6426 = 64.26% probability that the sample mean will be within +/- 5 of the population mean.

b. What is the probability that the sample mean will be within +/- 10 of the population mean (to 4 decimals)?

This is the pvalue of Z when X = 210 subtracted by the pvalue of Z when X = 190.

X = 210

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

Z = \frac{210 - 200}{5}

Z = 2

Z = 2 has a pvalue of 0.9772.

X = 195

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

Z = \frac{190 - 200}{5}

Z = -2

Z = -2 has a pvalue of 0.0228.

0.9772 - 0.0228 = 0.9544

0.9544 = 95.44% probability that the sample mean will be within +/- 10 of the population mean.

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