Answer:
$151,257.12
Step-by-step explanation:
7.5% is the annual interest rate, the monthly interest rate is:
The amount (P) that must be deposited into an account at a rate 0.625% per month for 7 months in order to obtain $158,000 is given by:
$151,257.12 must be deposited into the account today.
Solution:
we are given with
Today the price of a Jeep is $25,000. In 1970, the price was $5,000.
So we can write
The price of a Jeep, today = $25,000
The price of a Jeep,in 1970 = $ 5,000
Relative Price means price of a good relative to other. Its a ratio of the two goods times 100.
Hence the price relative is $500/-
Answer:
Step-by-step explanation:
Suppose pieces of chocolate pie served at a restaurant average 350 calories with a standard deviation of 20 calories. Calories have a Normal distribution due to inexact cutting of the pies. Which graph represents the proportion of pieces of pie that have more than 375 calories.
Answer: The z score is used to determine how many standard deviations that the raw score is above or below the mean. If the z score is positive then the raw score is above the mean and for a negative z score means the raw score is below the mean. The z score is given as:
Given that: μ = 350 calories, σ = 20 calories, x > 375
From the graph, The shaded area represents the proportion of pieces of pie that have more than 375 calories
From the normal distribution table, P(x > 375) = P(z > 1.25) = 1 - P(z < 1.25)
= 1 - 0.8944 = 0.1056 = 10.56%
