Mathematics, 02.11.2020 23:20 makayyafreeman
Byron deposits $13,500 in an account that earns 2.6% interest compounded
monthly. How many years will it take for Byron's money to double if he does
not deposit or withdraw any funds during that time?
A. 29
B. 266
C. 27
D. 25
Answers: 2
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An automobile assembly line operation has a scheduled mean completion time, μ, of 12 minutes. the standard deviation of completion times is 1.6 minutes. it is claimed that, under new management, the mean completion time has decreased. to test this claim, a random sample of 33 completion times under new management was taken. the sample had a mean of 11.2 minutes. assume that the population is normally distributed. can we support, at the 0.05 level of significance, the claim that the mean completion time has decreased under new management? assume that the standard deviation of completion times has not changed.
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Byron deposits $13,500 in an account that earns 2.6% interest compounded
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