How much interest will Pablo receive from his
investment?
$200 due to a real interest rate of 4 percent
$250 due to a real interest rate of 5 percent
$300 due to a real interest rate of 6 percent
$350 due to a real interest rate of 7 percent

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Ответ:

jaxhat646

14.01.2022

Business

23.89%

Step-by-step explanation:

The empirical rule says that the 95% of the data falls in between two standard deviations of the mean.

Given : GMAT scores are normally distributed and the the average score is approximately $\mu=540$ .

Also, 95% of his classmates scored between 400 and 680.

Then, by empirical rule , 95% of data falls in between $mu\pm 2\sigma$

i.e. $540- 2\sigma=400$ (1)

$540+2\sigma=680$ (2)

Subtracting (1) from (2), we get

$4\sigma=680-400=280\\\\\Rightarrow\ \sigma=\dfrac{280}{4}=70$

Let x be the random variable to represent the scores of every student.

Statistic z-score : $z=\dfrac{x-\mu}{\sigma}$

For x= 490, we have

$z=\dfrac{490-540}{70}\approx-0.71$

The p-value = $P(z<-0.71)=0.2388521\approx23.89\%$

Hence, 23.89% of his classmates who scored lower than he did .

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How much interest will Pablo receive from his investment? $200 due to a real interest rate of 4 percent $250 due to a real interest rate of 5 percent $300 due to a real interest rate of 6 percent $350 due to a real interest rate of 7 percent