Answer:
56503
Step-by-step explanation:
this grows exponentialy so at the start it would be 50,000 growing by 5% every ten years. but since there is only 2 ten years in 25 years we must cut the percent in half making 2.5%
Step 1
(50,000×5%)+50,000= 52500
Step 2
(52500×5%)+52500= 55125
step 3
(55125×2.5%) +55125= 56503
Answer:
Step-by-step explanation:
Answer:
2.275%
Step-by-step explanation:
The first thing to do here is to calculate the z-score
Mathematically;
z-score = (x-mean)/SD
from the question, x = 12,300 hours , mean = 11,500 hours while Standard deviation(SD) = 400 hours
Plugging the values we have;
z-score = (12,300-11,500)/400 = 800/400 = 2
Now, we want to calculate P(z ≤ 2)
This is so because we are calculating within a particular value
To calculate this, we use the z-score table.
Mathematically;
P(z ≤ 2) = 1 - P(z > 2) = 1 - 0.97725 = 0.02275
To percentage = 2.275%
