The answer is C) 14 years.
Plug it in to check:
12500(1+0.0525)^14
12500(2.05) = 25,587.01 (rounded to 25000)
Answer:
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A. we use the z statistic to solve this problem
z = (x – u) / s
We calculate the value of the sample mean u and standard deviation
s:
u = $30 * 304 = $9120
s = $21 * 304 = $6384
z = (9,600 – 9120) / 6384
z = 0.075
From the normal tables using right tailed test,
P = 0.47
B. At worst 11% means P = 0.11, so the z value at this is
z = -1.23
-1.23 = (x – 9120) / 6384
x = 1267.68
Answer:
5.5 pints is the answer to this
The answer is c
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