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Mathematics, 02.08.2019 17:40 justijust500
An amount of $28,000 is borrowed for 9 years at 8.25% interest, compounded annually. if the loan is paid in full at the end of that period, how much must be paid back?
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Afactory makes propeller drive shafts for ships. a quality assurance engineer at the factory needs to estimate the true mean length of the shafts. she randomly selects four drive shafts made at the factory, measures their lengths, and finds their sample mean to be 1000 mm. the lengths are known to follow a normal distribution whose standard deviation is 2 mm. calculate a 95% confidence interval for the true mean length of the shafts. input your answers for the margin of error, lower bound, and upper bound.
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An amount of $28,000 is borrowed for 9 years at 8.25% interest, compounded annually. if the loan is...
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