Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

30 )Calculate the balance under the given assumptions. Find the savings plan balance after 9 months with an APR of 4% and monthly payments of

30 )Calculate the balance under the given assumptions.

Find the savings plan balance after 9 months with an APR of 4% and monthly payments of $255.

a) $1976.96

b) $2325.84

c) $3135.92

d) $2665.53

31) Suppose that the mean salary in a particular profession is $45,000 with a standard deviation of $2,000. To what percentile does a salary of $48,000 correspond?

a) 91st

b) 43rd

c) 41st

d) 93rd

33) Use the 68-95-99.7 rule to solve the problem.

Assume that a distribution has a mean of 28 and a standard deviation of 4. What percentage of the values in the distribution do we expect to fall between 24 and 28?

Group of answer choices

a) 17%

b) 25%

c) 68%

d) 34%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Economics A Problem Solving Approach

Authors: Luke M. Froeb, Brian T. McCann

1st Edition

0324359810, 9780324359817

More Books

Students also viewed these Economics questions

Question

6. How can a message directly influence the interpreter?

Answered: 1 week ago