According to the rule of 72,
72/rate=time
72÷9.6=7.5 years
An alternative method for resolution using the main formula
2300=1150(1+0.096/4)^4t
Isolate t
t=((log(2,300÷1,150)÷log(1+(0.096÷4))÷4))=7.31 years
I hope this is helpful:-)
To find the solution, you need to add 27 and 8 together, which results in 35. After calculating that, you should subtract 32 from 35, leading to a remainder of 3, indicating that 3 extra pallets will be remaining as your answer.
According to the graph, which depicts a parabola, we can determine that the function will be quadratic. First, we identify the zeros as x=2 and x=4. Next, we can form the function using a point to solve for 'a'. For instance, at x=3 and y=-3, we can find 'a.' Plugging back into the equation, we can perform necessary multiplications to reach the final function.
A) To establish a sampling plan, follow these 5 steps:
1) Identify the sample population: which customers will you reach out to?
Those who purchased a new car during a specific year.
2) Determine the population size: how many customers will you contact?
From the 30,000 car buyers, select 1,000 customers to contact.
3) Select contact method: what is your means of contacting customers?
Since you have a list with names and addresses, mailing questionnaires is feasible.
4) Define the sampling frame: what is the timeline or deadline for contacting customers?
Send out questionnaires and allow two months for responses.
5) Decide on the analysis approach: is your research qualitative or quantitative?
You aim for quantitative research, so you will use probabilistic sampling.
B) The 32.5% probability relates only to those customers who experienced mechanical issues, specifically power door lock problems, and does not account for those without any problems or those reporting issues after the first 5,000 miles.
C) To estimate the probability of power door lock problems among all customers within the first 5,000 miles, consider the entire sample:
P = 13 / 1000 = 0.013
Therefore,
N = 0.013 × 30,000 = 390
Thus, the estimated number of new cars that had power door lock issues within 5,000 miles is 390.