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1 answer:
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Answer:
A = $ 5137.65 .
Step-by-step explanation:
Amount = $3000
interest rate = 9 %
= 9/12 = 0.75%
compounded monthly for
time = 6 years.
= 6 × 12 = 72 months.
A = $ 5137.65
hence, the amount after compounding $3000 at the rate of 9% after 6 years is A = $ 5137.65 .
Answer:
Tuesday's Z-score is 7.56
Step-by-step explanation:
We are given that a department store, on average, has daily sales of 28,651.79 and the standard deviation of sales is $1000.
Also, it is given that on Tuesday, the store sold $36,211.08 worth of goods.
Let X = Daily sales of goods
So, X ~ N()
The z-score probability distribution is given by;
Z = ~ standard normal N(0,1)
Now, Tuesday,s Z-score is given by;
Z = = 7.56
Yes, Tuesday was an unusually good day as on this day more worth of sales takes place as compared to the average daily sales of $28,651.79 .