Money for a down payment on a house
In order to accumulate enough money for a down payment on a house, a couple deposits $415 per month into an account paying 3% compounded monthly. If payments are made at the end of each period how much money will be in the account in 6 years?
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Suppose X~N(4,3^2). Using the standard normal table find the probabilities. 1) P(-2.5 less than or equal to X which is less than or equal to 2.5) 2) P( X which is greater than or equal to 5) 3) P ( X which is less than or equal to -2.5 4) What are
A relief valve is installed on the tank to keep the pressure constan during the process. Find the mass of steam that is bled from the tank, in kg? Find the amount of heat transferred in kJ?
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The distribution of the monthly costs does not follow the normal distribution. In fact, it is positively skewed. What is the probability of selecting a sample of 55 one-bedroom apartments and finding the mean to be at least $1,985 per month?
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