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2 years ago

14

An investment of $500 increases at a rate of 12.5% per year. What is the value of the investment after 30 years? Round to the ne

arest dollar.

1 answer:

NemiM [27]2 years ago

7 0

Here's the equation:
0.125(500) + 500
But because it is 30 years:
30(0.125(500)) + 500
3.75(500) + 500
We can make it simpler:
4.75(500)
2375
You will have $2375

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I'm pretty sure the answer will be 6/10

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Answer:

a) 25

b) 67

c) 97

Step-by-step explanation:

We have that to find our $\alpha$ level, that is the subtraction of 1 by the confidence interval divided by 2. So:

$\alpha = \frac{1-0.95}{2} = 0.025$

Now, we have to find z in the Ztable as such z has a pvalue of $1-\alpha$ .

So it is z with a pvalue of $1-0.025 = 0.975$ , so $z = 1.96$

Now, find the margin of error M as such

$M = z*\frac{\sigma}{\sqrt{n}}$

In which $\sigma$ is the standard deviation of the population and n is the size of the sample. In this problem, $\sigma = 0.25$

(a) The desired margin of error is $0.10.

This is n when M = 0.1. So

$M = z*\frac{\sigma}{\sqrt{n}}$

$0.1 = 1.96*\frac{0.25}{\sqrt{n}}$

$0.1\sqrt{n} = 1.96*0.25$

$\sqrt{n} = \frac{19.6*0.25}{0.1}$

$(\sqrt{n})^{2} = (\frac{19.6*0.25}{0.1})^{2}$

$n = 24.01$

Rounding up to the nearest whole number, 25.

(b) The desired margin of error is $0.06.

This is n when M = 0.06. So

$M = z*\frac{\sigma}{\sqrt{n}}$

$0.06 = 1.96*\frac{0.25}{\sqrt{n}}$

$0.06\sqrt{n} = 1.96*0.25$

$\sqrt{n} = \frac{19.6*0.25}{0.06}$

$(\sqrt{n})^{2} = (\frac{19.6*0.25}{0.06})^{2}$

$n = 66.7$

Rounding up, 67

(c) The desired margin of error is $0.05.

This is n when M = 0.05. So

$M = z*\frac{\sigma}{\sqrt{n}}$

$0.05 = 1.96*\frac{0.25}{\sqrt{n}}$

$0.05\sqrt{n} = 1.96*0.25$

$\sqrt{n} = \frac{19.6*0.25}{0.05}$

$(\sqrt{n})^{2} = (\frac{19.6*0.25}{0.05})^{2}$

$n = 96.04$

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1 year ago

Two hockey teams, the Winnipeg Jets (yay!) and the Toronto Maple Leafs (boo!), miraculously make it to

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Answer:

There is a 54% chance that the Jets will win the Stanley Cup.

Step-by-step explanation:

Since two hockey teams, the Winnipeg Jets and the Toronto Maple Leafs, miraculously make it to the Stanley Cup finals, where as soon as a team wins 3 games, the championship is over, and the schedule for the playoffs for home games is: Jets - Leafs - Jets - Leafs - Jets; since if the Jets are playing at home, there is a 60% chance they'll win, while if they are playing on the road, there is a 45% chance they'll win, to find the probability that the Jets win the Stanley Cup the following calculation must be performed:

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Answer:

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