Answer:
Years = natural log (Total / Principal) / Rate
Years = natural log (1,000,000 / 2,500) / .02
Years = natural log (400) / .02
Years = 5.9914645471 / .02
It would take 299.573227355 Years
Source: http://www.1728.org/rate2.htm
Step-by-step explanation:
Answer:
The 90% confidence interval for the true mean natural gas bill for homes in the 19808 zip code area in February is between $292.48 and $331.32
Step-by-step explanation:
We have the standard deviation for the sample, which means that the t-distribution is used to solve this question.
The first step to solve this problem is finding how many degrees of freedom, we have. This is the sample size subtracted by 1. So
df = 21 - 1 = 20
90% confidence interval
Now, we have to find a value of T, which is found looking at the t table, with 20 degrees of freedom(y-axis) and a confidence level of . So we have T = 1.7247
The margin of error is:
In which s is the standard deviation of the sample and n is the size of the sample.
The lower end of the interval is the sample mean subtracted by M. So it is 311.9 - 19.42 = $292.48
The upper end of the interval is the sample mean added to M. So it is 311.9 + 19.42 = $331.32
The 90% confidence interval for the true mean natural gas bill for homes in the 19808 zip code area in February is between $292.48 and $331.32
Answer:
The cost of 6 cans of soup = $7.8
Step-by-step explanation:
The cost of 10 cans of soup = $13
The number of cans needed for the soup = 6
Now, Cost of 1 can of soup =
= $13 / 10 =$1.3
⇒The cost of 1 can of soup is $1.3
Now, The cost of 6 cans of soup = 6 x Cost of 1 can
⇒ 6 x $1.3 = $7.8
Hence, the cost of 6 cans of soup = $7.8