Answer:
$935.76
Step-by-step explanation:
BOND VALUATION Asiana Fashion's bonds have 10 years remaining to maturity. Interest is paid annually; they have a $1,000 par value; the coupon interest rate is 8% and thebyield to maturity is 9%.What is the bond's current market price?
Step 1
We find the Present value factor of sum
The formula =
(1 + i)^n
Where
i = maturity rate = 9% = 0.09
n = number of years = 10 years
Present Value = ( 1 + 0.09)^-10
= 0.4224
Step 2
We find the present value factor of annuity
The formula is given as:
1 - (1+i)^-n / i
i = maturity rate = 9% = 0.09
n = number of years = 10 years
= 1 - (1 + 0.09)^-10 /0.09
= 1 - 0.4224 /0.09
= 0.5775 /0.09
= 6.417
Step 3
The bond's current market price is calculated as:
= PV factor of Sum × Par Value + PV factor of annuity × coupon payment
Coupon payment is calculated as:
= Coupon interest × par value
= 8% × 1000
= 80
Hence,
= 0.4224 × 1,000 + 6.417 × 80
= 422.4 + 513.36
= 935.76
In this exercise we have to use the knowledge of finance to calculate the corrective value of the market place, in this way we find that:
[tex]\$935.76[/tex]
We find the Present value factor of sum, by the formula of:
[tex](1 + i)^n[/tex]
Where:
i = maturity rate = 9% = 0.09 n = number of years = 10 years
Substituting the values in the formula as;
[tex]Present \ Value = ( 1 + 0.09)^{-10} = 0.4224[/tex]
We find the present value factor of annuity, by the formula as:
[tex]1 - (1+i)^{-n} / i[/tex]
Where:
i = maturity rate = 9% = 0.09 n = number of years = 10 years
Substituting the values in the formula as;
[tex]= 1 - (1 + 0.09)^{-10} /0.09\\= 1 - 0.4224 /0.09\\= 0.5775 /0.09\\= 6.417[/tex]
The bond's current market price is calculated as:
[tex]= PV \ factor\ of\ Sum * Par\ Value + PV\ factor\ of\ annuity * coupon\ payment[/tex]
Coupon payment is calculated as:
[tex]= Coupon\ interest * par\ value\\= 8\% * 1000= 80[/tex]
So continue the calcule;
[tex]= 0.4224 *1,000 + 6.417 * 80\\= 422.4 + 513.36\\= 935.76[/tex]
See more about market place at brainly.com/question/24518027
Last Sunday, the average temperature was 8\%8%8, percent higher than the average temperature two Sundays ago. The average temperature two Sundays ago was TTT degrees Celsius. Which of the following expressions could represent the average temperature last Sunday?
Work Shown:
T = average Celsius temperature two Sundays ago
8% = 8/100 = 0.08
8% of T = 0.08T
L = average Celsius temperature last sunday
L = 8% higher than T
L = T + (8% of T)
L = T + 0.08T
L = 1.00T + 0.08T
L = (1.00 + 0.08)T
L = 1.08T
The 1.08 refers to the idea that L is 108% of T
Answer:
b and d
Step-by-step explanation:
khan
Find the value of x. A: 15 B: 12 C: 10 D: 8
Answer:
[tex]\boxed{\sf C. \ 10}[/tex]
Step-by-step explanation:
[tex]\sf The \ intersecting \ chord \ theorem \ states \ that \ the \ products[/tex]
[tex]\sf of \ the \ lengths \ of \ the \ line \ segments \ on \ each \ chord \ are \ equal.[/tex]
[tex]NH \times HT = MH \times HY[/tex]
[tex](x+20) \times 8=12 \times 20[/tex]
[tex]\sf Expand \ brackets \ and \ multiply.[/tex]
[tex]8x+160=240[/tex]
[tex]\sf Subtract \ 160 \ from \ both \ sides.[/tex]
[tex]8x+160-160=240-160[/tex]
[tex]8x=80[/tex]
[tex]\sf Divide \ both \ sides \ by \ 8.[/tex]
[tex]\displaystyle \frac{8x}{8} =\frac{80}{8}[/tex]
[tex]x=10[/tex]
The value of x is 10.
We have a circle and inside it two chords MY and NT intersect at point H.
We have to find the value of x in the figure.
What is intersecting chord theorem?According to the intersecting chord theorem, when two chords say AB and CD intersect at point O, then
AO x OB = CO x OD
Applying the chord intersecting theorem to the figure in the question, we get -
MH x HY = NH x HT
12 x 20 = (x+20) x 8
240 = 8x + 160
8x = 80
x = 10
Hence the value of x is 10.
To solve more questions on Circles and chords, visit the link below -
https://brainly.com/question/15568573
#SPJ5
Find the Vertical asymptotes of the graph of f
[tex]f(x) = \frac{x + 2}{ {x}^{2} - 4}[/tex]
Answer:
x = 2 and x = -2
Step-by-step explanation:
To find the vertical asymptotes, set the denominator equal to zero and solve for x:
vertical asymptotes are x = 2 and x = -2
The chief business officer of a construction equipment company arranges a loan of $9,300, at 12 1 /8 % interest for 37.5 months. Find the amount of interest. (Round to the nearest cent)
a. $2,761.21
b. $3,583.83
c. $3,523.83
d. $3,722.47
Answer:
C). $3523.83
Step-by-step explanation:
loan of principles p= $9,300,
at rate R= 12 1 /8 % interest
Rate R = 12.125%
for duration year T = 37.5 months
T= 37.5/12 = 3.125 years
Interest I=PRT/100
Interest I =( 9300*12.125*3.125)/100
Interest I = (352382.8125)/100
Interest I = 3523.83
Interest I= $3523.83
Use the order of operations to simplify this expression 1.2x3.5x4.1= What
[tex] 1.2\times3.5\times4.1=[(1+0.2)(3+0.5)](4+0.1)[/tex]
$=[1\times3+1\times0.5+0.2\times3+0.2\times0.5](4+0.1)$
$=(3+0.5+0.6+0.1)(4+0.1)$
$=(4.2)(4+0.1)=(4+0.2)(4+0.1)$
$=4\times4+4\times0.1+0.2\times4+0.2\times0.1$
$=16+0.4+0.8+0.02=17.22$
ASAP Which graph has a correlation coefficient, r, closest to 0.75?
Answer:
C. Graph C
Step-by-step explanation:
In a scatter plot, a positive correlation coefficient suggests that as one variable increases the other increases as well, or as one decreases, the other decreases.
Also, the more clustered the data points are along the line of best fit, the higher the value of the coefficient, whether positive or negative.
Graph C shows a positive correlation because as the variable on the x-axis increases, the variable on the y-axis also increases. The data points are more clustered along the line if best fit, if we draw one. This suggest a positive correlation coefficient (r) as strong as 0.75.
Graph C has a correlation coefficient, r, that is closer to 0.75.
Answer: graph A ‼️
Step-by-step explanation:
A cardboard box without a lid is to be made with a volume of 4 ft 3 . Find the dimensions of the box that requires the least amount of cardboard.
Answer:
2ft by 2ft by 1 ftStep-by-step explanation:
Total surface of the cardboard box is expressed as S = 2LW + 2WH + 2LH where L is the length of the box, W is the width and H is the height of the box. Since the cardboard box is without a lid, then the total surface area will be expressed as;
S = lw+2wh+2lh ... 1
Given the volume V = lwh = 4ft³ ... 2
From equation 2;
h = 4/lw
Substituting into r[equation 1;
S = lw + 2w(4/lw)+ 2l(4/lw)
S = lw+8/l+8/w
Differentiating the resulting equation with respect to w and l will give;
dS/dw = l + (-8w⁻²)
dS/dw = l - 8/w²
Similarly,
dS/dl = w + (-8l⁻²)
dS/dw = w - 8/l²
At turning point, ds/dw = 0 and ds/dl = 0
l - 8/w² = 0 and w - 8/l² = 0
l = 8/w² and w =8/l²
l = 8/(8/l² )²
l = 8/(64/I⁴)
l = 8*l⁴/64
l = l⁴/8
8l = l⁴
l³ = 8
l = ∛8
l = 2
Hence the length of the box is 2 feet
Substituting l = 2 into the function l = 8/w² to get the eidth w
2 = 8/w²
1 = 4/w²
w² = 4
w = 2 ft
width of the cardboard is 2 ft
Since Volume = lwh
4 = 2(2)h
4 = 4h
h = 1 ft
Height of the cardboard is 1 ft
The dimensions of the box that requires the least amount of cardboard is 2ft by 2ft by 1 ft
is this a function {(-2, 6), (-3, 7), (-4, 8), (-3, 10)}
No, that is not a function.
To be a function, each different input (x) needs a different output (y)
In the given function there are two -3’s as inputs and they have different y values, so it can’t be a function.
Answer: no
Step-by-step explanation: To determine if a relation is a function, take a look at the x–coordinate of each ordered pair. If the x–coordinate is different in each ordered pair, then the relation is a function.
Note that the only exception to this would be that if the x-coordinate pairs up with the same y-coordinate in a relation more than once, it's still classified ad a function.
Ask yourself, do any of the ordered pairs
in this relation have the same x-coordinate?
Well by looking at this relation, we can see that two
of the ordered pairs have the same x-coordinate.
In this case, the x-coordinate of 3 appears twice.
So no, this relation is not a function.
Sherina wrote and solved the equation. x minus 56 = 230. x minus 56 minus 56 = 230 minus 56. x = 174. What was Sherina’s error?
Answer:
subtracting 56 instead of adding (or adding wrong)
Step-by-step explanation:
She wrote ...
x - 56 = 230
x - 56 - 56 = 230 -56 . . . . correct application of the addition property*
x = 230 -56 . . . . . . . . . . . . incorrect simplification
Correctly done, the third line would be ...
x -112 = 174
This would have made Sherina realize that the error was in subtracting 56 instead of adding it. The correct solution would be ...
x - 56 + 56 = 230 + 56 . . . using the addition property of equality
x = 286 . . . . . . . . . . . . . . . . correct simplification on both sides
__
There were two errors:
1) incorrect strategy --- subtracting 56 instead of adding
2) incorrect simplification --- simplifying -56 -56 to zero instead of -112
We don't know whether you want to count the error in thinking as the first error, or the error in execution where the mechanics of addition were incorrectly done.
_____
* The addition property of equality requires the same number be added to both sides of the equation. Sherina did that correctly. However, the number chosen to be added was the opposite of the number that would usefully work toward a solution.
Answer:
D: Sherina should have added 56 to both sides of the equation.
Step-by-step explanation:
I got a 100% on my test.
I hope this helps.
Gina, Sam, and Robby all rented movies from the same video store. They each rented some dramas, comedies, and documentaries. Gina rented 11 movies total. Sam rented twice as many dramas, three times as many comedies, and twice as many documentaries as Gina. He rented 27 movies total. If Robby rented 19 movies total with the same number of dramas, twice as many comedies, and twice as many documentaries as Gina, how many movies of each type did Gina rent?
Hi there! :)
Answer:
Gina rented 3 dramas, 5 comedies, and 3 documentaries.
Step-by-step explanation:
To solve, we will need to set up a system of equations:
Let x = # of dramas, y = # of comedies, and z = # of documentaries:
Write equations to represent each person:
Gina:
x + y + z = 11
Sam:
2x + 3y + 2z = 27
Robby:
x + 2y + 2z = 19
Write the system:
x + y + z = 11
2x + 3y + 2z = 27
x + 2y + 2z = 19
Begin by subtracting the third equation from the second:
2x + 3y + 2z = 27
x + 2y + 2z = 19
-----------------------
x + y = 8
If x + y = 8, plug this into the first equation:
(8) + z = 11
z = 11 - 8
z = 3
We found the # of documentaries Gina rented, now we must solve for the other variables:
Subtract the top equation from the third. Substitute in the value of z we solved for:
x + 2y + 2(3) = 19
x + y + (3) = 11
-------------------------
y + 3 = 8
y = 5
Substitute in the values for y and z to solve for x:
x + 5 + 3 = 11
x + 8 = 11
x = 11 - 8
x = 3.
Therefore, Gina rented 3 dramas, 5 comedies, and 3 documentaries.
Answer:
B- x + y + z = 11
2x + 3y + 2z = 27
x + 2y + 2z = 19
Step-by-step explanation:
I took the quiz
The probability density function for random variable W is given as follows: Let x be the 100pth percentile of W and y be the 100(1 – p)th percentile of W, where 0
Answer:
Step-by-step explanation:
A probability density function (pdf) is used for continuous random variables. That is why p is between 0 and 1 (the two extremes - 0 and 1 - exclusive).
X = 100pth percentile of W
Y = 100(1-p)th percentile of W
Expressing Y as a function of X;
Y = 100(1-p)th = 100th - 100pth
Recall that 100pth is same as X, so substitute;
Y = 100th - X
where 100th = hundredth percentile of W and X = 100pth percentile of W
Which geometric sequence has a first term equal to 55 and a common ratio of -5? {-55, 11, -2.2, 0.44, …} {55; 275; 1,375; 6,875; …} {55, 11, 2.2, 0.44, …} {55; -275; 1,375; -6,875; …}
Answer:
The answer is 55, -275, 1375, -6875......
Step-by-step explanation:
how do you figure out ratios? the problem is 12 quarters to 34 dollars. thanks
Step-by-step explanation:
When you have a ratio, you put one number as the numerator and than one number as the denominator.
so it would be (12/34)=(x/68)
In this example I made the ratio you are comparing it to have 68 dollars, so when you solve for the amount of quarters you need it should be 24, since all of the numbers in this example are just being doubled.
To solve for x, you multiply 68 on both sides of the equation, 68×(12/34)=x
24=x
So this proves that this is how ratios, are used. It also does not matter what number you place on the numerator or denominator.
For lunch, Kile can eat a sandwich with either ham or a bologna and with or without cheese. Kile also has the choice of drinking water or juice with his sandwich. The total number of lunches Kile can choose is
Answer:
8
Step-by-step explanation:
Ham with or without cheese-2 choices
Bologna with or without cheese-2 choices
Bologna with cheese with water or juice-2 choices
Bologna without cheese with juice or water-2 choices
Ham with cheese with juice or water -2 choices
Ham without cheese with juice or water -2 choices
2+2+2+2=8
Kile has 8 choices for lunch
Consider the following ordered data. 6 9 9 10 11 11 12 13 14 (a) Find the low, Q1, median, Q3, and high. low Q1 median Q3 high (b) Find the interquartile range.
Answer:
Low Q1 Median Q3 High
6 9 11 12.5 14
The interquartile range = 3.5
Step-by-step explanation:
Given that:
Consider the following ordered data. 6 9 9 10 11 11 12 13 14
From the above dataset, the highest value = 14 and the lowest value = 6
The median is the middle number = 11
For Q1, i.e the median of the lower half
we have the ordered data = 6, 9, 9, 10
here , we have to values as the middle number , n order to determine the median, the mean will be the mean average of the two middle numbers.
i.e
median = [tex]\dfrac{9+9}{2}[/tex]
median = [tex]\dfrac{18}{2}[/tex]
median = 9
Q3, i.e median of the upper half
we have the ordered data = 11 12 13 14
The same use case is applicable here.
Median = [tex]\dfrac{12+13}{2}[/tex]
Median = [tex]\dfrac{25}{2}[/tex]
Median = 12.5
Low Q1 Median Q3 High
6 9 11 12.5 14
The interquartile range = Q3 - Q1
The interquartile range = 12.5 - 9
The interquartile range = 3.5
What is the name of a geometric figure that looks an orange
A. Cube
B. Sphere
C. Cylinder
D. Cone
Answer:
b . sphere
Step-by-step explanation:
Find the first term in the sequence when u(subscript)31=197 and d= 10.
Answer:
197 = 10(31-1) + a
197 = 300 + a
-103 = a
Megan has 12 pounds of cheesecake. On Monday, she and her friends eat 4 pounds. On Tuesday, she and her friends eat another 3 pounds. On Wednesday, her friend Mark gives her some more cheesecake so that she has 3 times as much as she had at the end of Tuesday. On Thursday, some of her cheesecake goes bad, so she has the amount that she had at the end of Wednesday, but divided by 5. On Friday, she gives 3 pounds to her dog. On Saturday, her mom gives her one more pound. On Sunday, how many pounds of cheesecake does Megan have left?
Answer:
Step-by-step explanation:
First we start with 12 pounds
On Monday, she and her friends eat 4 pounds. So we have 8 now.
On Tuesday, she and her friends eat another 3 pounds. So we gave 5 now.
On Wednesday, her friend Mark gives her some more cheesecake so that she has 3 times as much as she had at the end of Tuesday. 5 * 3 = 15
On Thursday, some of her cheesecake goes bad, so she has the amount that she had at the end of Wednesday, but divided by 5. She had 15 at the end of Wednesday. 15/5 = 3.
On Friday, she gives 3 pounds to her dog. 5 - 3 = 2.
On Saturday, her mom gives her one more pound. 2 + 1 = 3.
On Sunday, she finally has 3 pounds.
Answer:
nnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn
Step-by-step explanation:
This graph shows the US unemployment rate from August 2010 to November 2011.
Sample Unemployment Rate
Graph
Unemployment Rate
10%
80%
6%
Unemployment Rate
Aug 10
Jan 11
Jun 11
Nov 11
This graph suggests unemployment in the United States
O will continue to fall.
O will continue to rise.
O will remain the same.
O will only change a little.
Answer: Will continue to rise
Step-by-step explanation:
Looking at the graph one notices that after a slight dip in the unemployment rate from August 2010 to January 2011, the unemployment rate began to rise and by November 2011 was still rising.
The arrow on the graph serves to indicate the direction the unemployment rate is going and as it is pointing upwards, this means that the Unemployment rate will continue to rise.
This was down to the fact that in 2011 the US was still yet to recover from the Great Recession of 2008 - 2009.
Answer:
EDGE 2021
Step-by-step explanation:
1) 4%
2) Increase
what number must be added to the sequence of 7,13 and 10 to get an average of 13
Answer:
22
Step-by-step explanation:
We can write an equation:
(7+13+10+x)/4=13
x represents the number that needs to be added to get an average of
(7+13+10+x)/4=13
(30+x)/4=13
30+x=52
x=22
The number is 22
Hope this helps! Have a wonderful day :)
If xy = 1 what is the arithmetic mean of x and y in terms of y? Please show work as detailed as possible
Answer:
(1+y^2) /2y
Step-by-step explanation:
arithmetic mean is the average of x and y
(x+y)/2
Using the equation
xy = 1
and solving for x
x = 1/y
Replacing x in the first equation
(1/y + y) /2
Multiply by y/y
(1/y + y) /2 * y/y
(1/y + y)*y /2y
(1+y^2) /2y
PLEASE HELP!!!
Evaluate the expression when b=4 and y= -3
-b+2y
Answer: -10
Step-by-step explanation: All you have to do is plug the values into the equation. -4+2(-3). Then you solve the equation using PEDMAS.
1. -4+2(-3)
2. -4+(-6)
3.-4-6
4.-10
Answer:
8
Step-by-step explanation:
-b + 2y
if
b = 4
and
y = 3
then:
-b + 2y = -4 + 2*6 = -4 + 12
= 8
PLS HELP:Find all the missing elements:
Answer:
b = 9.5 , c = 15Step-by-step explanation:
For b
To find side b we use the sine rule
[tex] \frac{ |a| }{ \sin(A) } = \frac{ |b| }{ \sin(B) } [/tex]a = 7
A = 23°
B = 32°
b = ?
Substitute the values into the above formula
That's
[tex] \frac{7}{ \sin(23) } = \frac{ |b| }{ \sin(32) } [/tex][tex] |b| \sin(23) = 7 \sin(32) [/tex]Divide both sides by sin 23°
[tex] |b| = \frac{7 \sin(32) }{ \sin(23) } [/tex]b = 9.493573
b = 9.5 to the nearest tenthFor cTo find side c we use sine rule
[tex] \frac{ |a| }{ \sin(A) } = \frac{ |c| }{ \sin(C) } [/tex]C = 125°
So we have
[tex] \frac{7}{ \sin(23) } = \frac{ |c| }{ \sin(125) } [/tex][tex] |c| \sin(23) = 7 \sin(125) [/tex]Divide both sides by sin 23°
[tex] |c| = \frac{7 \sin(125) }{ \sin(23) } [/tex]c = 14.67521
c = 15.0 to the nearest tenthHope this helps you
6(x + 2) = 30Solve the following linear equation
Answer:
[tex]\huge \boxed{x=3}[/tex]
Step-by-step explanation:
[tex]6(x+2)=30[/tex]
[tex]\sf Divide \ both \ sides \ by \ 6.[/tex]
[tex]x+2=5[/tex]
[tex]\sf Subtract \ 2 \ from \ both \ sides.[/tex]
[tex]x=3[/tex]
Answer:
3
Step-by-step explanation:
30 = 6(x+2)
30/6 = 5
5 = x+2
5-2 = 3
3=x
This is a pretty simple question and I tried to make it as simple as possible when explaining it.
A box contains 40 identical discs which are either red or white if probably picking a red disc is 1/4. Calculate the number of;
1. White disc.
2. red disc that should be added such that the probability of picking a red disc will be 1/4
Find the area of the surface generated by revolving x=t + sqrt 2, y= (t^2)/2 + sqrt 2t+1, -sqrt 2 <= t <= sqrt about the y axis
The area is given by the integral
[tex]\displaystyle A=2\pi\int_Cx(t)\,\mathrm ds[/tex]
where C is the curve and [tex]dS[/tex] is the line element,
[tex]\mathrm ds=\sqrt{\left(\dfrac{\mathrm dx}{\mathrm dt}\right)^2+\left(\dfrac{\mathrm dy}{\mathrm dt}\right)^2}\,\mathrm dt[/tex]
We have
[tex]x(t)=t+\sqrt 2\implies\dfrac{\mathrm dx}{\mathrm dt}=1[/tex]
[tex]y(t)=\dfrac{t^2}2+\sqrt 2\,t+1\implies\dfrac{\mathrm dy}{\mathrm dt}=t+\sqrt 2[/tex]
[tex]\implies\mathrm ds=\sqrt{1^2+(t+\sqrt2)^2}\,\mathrm dt=\sqrt{t^2+2\sqrt2\,t+3}\,\mathrm dt[/tex]
So the area is
[tex]\displaystyle A=2\pi\int_{-\sqrt2}^{\sqrt2}(t+\sqrt 2)\sqrt{t^2+2\sqrt 2\,t+3}\,\mathrm dt[/tex]
Substitute [tex]u=t^2+2\sqrt2\,t+3[/tex] and [tex]\mathrm du=(2t+2\sqrt 2)\,\mathrm dt[/tex]:
[tex]\displaystyle A=\pi\int_1^9\sqrt u\,\mathrm du=\frac{2\pi}3u^{3/2}\bigg|_1^9=\frac{52\pi}3[/tex]
Decide all proper subsets of A { 8 ,7 ,6 ,5 ,4 ,3 ,2 ,1} = A 1- { 4 ,3 ,2 ,1} 2- { } 3- { 9 ,8 ,7 } 4- { 11 ,2} 5- { 5 }
Answer:
A, E
Step-by-step explanation:
There should be 2^8-1 proper subsets of A. Its every one besides { }
An evergreen nursery usually sells a certain shrub after 9 years of growth and shaping. The growth rate during those 9 years is approximated by
dh/dt = 1.8t + 3,
where t is the time (in years) and h is the height (in centimeters). The seedlings are 10 centimeters tall when planted (t = 0).
(a) Find the height after t years.
h(t) =
(b) How tall are the shrubs when they are sold?
cm
Answer:
(a) After t years, the height is
18t² + 3t + 10
(b) The shrubs are847 cm tall when they are sold.
Step-by-step explanation:
Given growth rate
dh/dt = 1.8t + 3
dh = (18t + 3)dt
Integrating this, we have
h = 18t² + 3t + C
When t = 0, h = 10cm
Then
10 = C
So
(a) h = 18t² + 3t + 10
(b) Because they are sold after every 9 years, then at t = 9
h = 18(9)² + 3(9) + 10
= 810 + 27 + 10
= 847 cm
Find the missing side or angle.
Round to the nearest tenth.
Answer:
b=2.7
Step-by-step explanation:
using sine rule,,,
Step-by-step explanation:
So for this problem, we need the missing angle A. From there, we can use the law of sines to compute length of b.
So the sum of the interior angles of a triangle is 180. With that in mind, we can make an equation to fine the measure of angle A.
53 + 80 + A = 180
133 + A = 180
A = 47
Now that we have the angle of A, we can use the law of sines to fine the length of b.
b / sin(B) = a / sin(A)
b = sin(B) * a / sin(A)
b = sin(80) * 2 / sin(47)
b = 2.693
Now round that to the nearest tenth to get
b = 2.7
Cheers.
For some postive value of Z, the probability that a standardized normal variable is between 0 and Z is 0.3770. The value of Z is
Answer:
1.16
Step-by-step explanation:
Given that;
For some positive value of Z, the probability that a standardized normal variable is between 0 and Z is 0.3770.
This implies that:
P(0<Z<z) = 0.3770
P(Z < z)-P(Z < 0) = 0.3770
P(Z < z) = 0.3770 + P(Z < 0)
From the standard normal tables , P(Z < 0) =0.5
P(Z < z) = 0.3770 + 0.5
P(Z < z) = 0.877
SO to determine the value of z for which it is equal to 0.877, we look at the
table of standard normal distribution and locate the probability value of 0.8770. we advance to the left until the first column is reached, we see that the value was 1.1. similarly, we did the same in the upward direction until the top row is reached, the value was 0.06. The intersection of the row and column values gives the area to the two tail of z. (i.e 1.1 + 0.06 =1.16)
therefore, P(Z ≤ 1.16 ) = 0.877