A food truck is serving a special combo meal that includes a drink, a main dish, and a dessert. Customers can choose among 2 dri
2 answers:
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The annual interest rate is 3.5%.
Solution:
Given Interest (I) = $26.25
Principal (P) = $500
Time (t) = 18 months
Rate of interest (r) = ?
Time must be in years to find the rate per annum.
1 year = 12 months
Divide the time by 12.
Time (t) = years
Now, find the rate of interest using simple interest formula.
<u>Simple interest formula:</u>
⇒ r = 3.5%
Hence the annual interest rate is 3.5%.
Answer:
The probability that the maximum safe-weight will be exceeded is <u>0.0455 or 4.55%</u>.
Step-by-step explanation:
Given:
Maximum safe-weight of 37 cars = 82 tons
∴ Maximum safe-weight of 1 car (x) = 82 ÷ 37 = 2.22 tons (Unitary method)
Mean weight of 1 car (μ) = 2 tons
Standard deviation of 37 cars = 0.8 tons
So, standard deviation of 1 car is given as:
Probability that maximum safe-weight is exceeded, P(x > 2.22) = ?
The sample is normally distributed (Assume)
Now, let us determine the z-score of the mean weight.
The z-score is given as:
Now, finding P(x > 2.22) is same as finding P(z > 1.69).
From the z-score table of normal distribution curve, the value of area under the curve for z < 1.69 is 0.9545.
But we need the area under the curve for z > 1.69.
So, we subtract from the total area. Total area is 1 or 100%.
So,
Therefore, the probability that the maximum safe-weight will be exceeded is 0.0455 or 4.55%.