Find the mean ( average):
105 + 104 + 110 + 112 + 114 + 106 + 108 +109 = 868
Mean = 868 / 8 = 108.5
Standard deviation:
108.5 - 105 = 3.5, 3.5^2 = 12.25
108.5 - 104 = 4, 4^2 = 16
110 - 108.5 = 1.5, 1.5^2 = 2.25
112 - 108.5 = 3.5, 3.5^2 = 12.25
114 - 108.5 = 5.5, 5.5^2 = 30.25
108.5 - 106 = 2.5, 2.5^2 = 6.25
108.5 - 108 = 0.5, 0.5^2 = 0.25
109 - 108.5 = 0.5, 0.5^2 = 0.25
12.25 + 16 +2.25 + 12.25 + 30.25 +6.25+0.25+0.25 = 79.75
79.75/8 = 9.96875, SQRT(9.96875) = 3.1573
Standard Deviation = 3.1573
108.8 +/- 1.96 *(3.1573/sqrt(8) = 110.687 and 106.312
110.687 - 108.5 = 2.19
108.5 - 106.312 = 2.19
Margin of error = +/- 2.19
Answer:
The balance of the loan will be approximately $15,000. - Month 16
The balance of the loan will reach $0. - Month 50
That is correct?
Dunno what the question is.
Is this what you mean this is what i understood.
X-4=10;4x+1=57
First equation solve for x.
X-4=10
Add 4 both sides
X=10+4
X=14
Second equation substitute your x answer into second equation to make both sides equal.
4x+1=57
4(14)+1=57
56+1=57
57=57