With compounding, the interest on your sarings also earns interest throughout the year. The more frequent the compounding, the more interest you eam.
a. Calculate the simple interest for a year on $5000 invested at 4.5%.
b. Calculate the compound interest on $5000 invested at 4.5º when the interest is compounded each
quarter
c. How does compounding interest benefit a saver?
ch
BI

Use the given degree of confidence and sample data to construct a confidence interval for the population mean mu . assume that the population has a normal distribution. a laboratory tested twelve chicken eggs and found that the mean amount of cholesterol was 185 milligrams with sequals 17.6 milligrams. a confidence interval of 173.8 mgless than muless than 196.2 mg is constructed for the true mean cholesterol content of all such eggs. it was assumed that the population has a normal distribution. what confidence level does this interval represent?