5 Questions
What is the value of z when x = 22, given that the mean is 25 and the standard deviation is 2.0?
z = (22 - 25) / 2.0 = -1.5
What is the value of x when z = 1.0, given that the mean is 25 and the standard deviation is 2.0?
x = 25 + (1.0 * 2.0) = 27
What is the simple interest rate offered by ABC Bank for loans payable in 3 years?
5%
If you loan an amount of Php23,000 from ABC Bank, how much interest will you earn within the payable duration of the loan?
Php23,000 * 5% * 3 years = Php3,450
If you loan an amount of Php23,000 from ABC Bank, how much is the total amount you are going to pay in the bank?
Php23,000 + Php3,450 = Php26,450
Solve statistical problems involving mean and standard deviation, and calculate simple interest rates for loans. Test your understanding of mathematical concepts and their applications.
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