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How long will it take for an investment of $2000 to double in value if the interest rate is 8.5% per year, compounded continuously? (Round your answer to two decimal places.)
yr
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Explanation & Answer
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2 = (1.085)^t
t = log2/log 1.085 =8.50 years (answer)
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Write a paragraph that correctly interprets the confidence intervals in context of your selected topic.
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What conclusion(s) can be drawn about your interval estimates when the confidence level is increased? Explain.
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In this week, you will explore probability as it relates to an observed occurrence. You also will explore the concept of t ...
Walden University Wk 4 Sampling Distributions & Confidence Intervals Paper
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Why do we need confidence intervals?
Find the best point estimate of the population mean.
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Did you notice any changes in your interval estimate? Explain.
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