Answer:
2.28%
Step-by-step explanation:
As this is normally distributed, we can use z scores to find the percentage.
First, find the z-score for 148.
The z-score that you get is:
(148-160)/2=2
As we see that z=2, we can use a calculator or a z-score chart to find the percentage less than a z score of 2.
I used my chart and found: 2.28%
Answer:
16.6%
Step-by-step explanation:
A) 62.5%
5 divided by 8 is 0.625, then multiply by 100 to get 62.5 :)
Answer:
The approximate value of the investment in one year is 4183.
Step-by-step explanation:
The formula for finding the compound interest for one year that compounded quarterly is :

Here,
P - Principal = 4000
r - 4.5%
t - 1
Therefore,



= 4183.08
Hence, the approximate value of the investment in one year is 4183.