Mrs. Pellegrin has weighed 5 packages of cheese and recorded the weights as 10.2 oz, 10.5 oz, 9.3 oz, 9.8 oz, and 10.0 oz. She calculated the standard deviation to be 0.45 oz. The cheese factory lists the package weight at 10 oz.
The t-statistic for a two-sided test would be
O +0.20
O -0.40
O -0.20
O +0.40

Answer: [tex]\frac{5}{8}[/tex]

Step-by-step explanation:

The probability that Rob completes the race successfully is:

1 - 0.1 - 0.09 + 0.02 = 0.83

The probability of getting an odd number or a number divisible by 4 can be found by adding the probabilities of getting an odd number and a number divisible by 4, and subtracting the probability of getting a number that is both odd and divisible by 4 (which is 4). The probabilities of getting an odd number, a number divisible by 4, and a number that is both odd and divisible by 4 are:

Odd number: There are 6 odd numbers out of 12 total numbers, so the probability of getting an odd number is 6/12 = 1/2.

Number divisible by 4: There are 3 numbers divisible by 4 (4, 8, 12), so the probability of getting a number divisible by 4 is 3/12 = 1/4.

Number that is both odd and divisible by 4: The only number that is both odd and divisible by 4 is 4, so the probability of getting this number is 1/12.

Therefore, the probability of getting an odd number or a number divisible by 4 is:

1/2 + 1/4 - 1/12 = 5/12

The probability of getting a red face or a white face can be found by adding the probabilities of getting a red face and a white face. The probability of getting a red face is 2/6 = 1/3, and the probability of getting a white face is also 1/3. Therefore, the probability of getting a red face or a white face is:

1/3 + 1/3 = 2/3

To find the probability that Rob completes the race successfully, we need to subtract the probability of getting a flat tire, the probability of the chain breaking, and the probability of both occurring from 1 (the probability of completing the race successfully). The probability of getting a flat tire is 0.1, the probability of the chain breaking is 0.09, and the probability of both occurring is 0.02. Therefore, the probability that Rob completes the race successfully is:

1 - 0.1 - 0.09 + 0.02 = 0.83

To learn more about successfully visit:

https://brainly.com/question/14527604

#SPJ11

The general solution will depend on the values of k, m, and the damping coefficient 8/m. To find the equation of motion for this system.

We can use Newton's second law:

F = ma

where F is the net force acting on the system, m is the mass of the object, and a is the acceleration.

The net force in this case is the sum of the external force and the force due to the spring:

F = f(t) - kx

where k is the spring constant and x is the displacement from equilibrium.

The damping force is given as 8 times the instantaneous velocity, which we can write as:

F_damp = -8v

where v is the velocity of the object.

Putting everything together, we get:

m(d^2x/dt^2) = f(t) - kx - 8v

Substituting in the given values, we have:

1(d^2x/dt^2) = 2 sin 4t - kx - 8(dx/dt)

To simplify this equation, we can use the fact that x is a displacement and therefore the second derivative of x with respect to time is the acceleration. So we can rewrite the equation as:

a = (2/g)sin(4t) - (k/m)x - 8v/m

where g = 32 ft/s^2 is the acceleration due to gravity.

To solve for x, we can use the fact that the velocity is the derivative of displacement with respect to time:

v = dx/dt

Taking the derivative of the equation for velocity, we get:

a = d^2x/dt^2 = dv/dt = d/dt(dx/dt) = d/dt(v) = d/dt(-8v/m - (k/m)x + 2/g sin(4t))

Simplifying this expression, we get:

a = -8/m(dv/dt) - k/m(dx/dt) + (8/g)cos(4t)

Substituting in the value of a from the previous equation, we have:

(2/g)sin(4t) - (k/m)x - 8v/m = -8/m(dv/dt) - k/m(dx/dt) + (8/g)cos(4t)

Rearranging and simplifying, we get:

d^2x/dt^2 + (k/m + 8/m)dx/dt + k/mx = (16/g)cos(4t) - (2/g)sin(4t)

This is a second-order differential equation that we can solve using standard techniques, such as the method of undetermined coefficients or Laplace transforms. The general solution will depend on the values of k, m, and the damping coefficient 8/m.

Learn more about damping here:

https://brainly.com/question/30891056

#SPJ11

The yield is given as 6.316% on the corporate bond

Тhe yiеld оn а corporаte bоnd rеfеrs tо thе return аn investоr cаn expeсt tо eаrn from рurchаsing thе bоnd. It is usuаlly exрressed аs а percentаge of thе bоnd's fаce vаlue or mаrket price.

Тhere аre different tyрes of yiеld meаsurements for bоnds, suсh аs current yiеld, yiеld tо mаturity, аnd yiеld tо cаll, eаch prоviding specific insights intо thе bоnd's potentiаl rеturns.

Interest payment = Face value × Interest rate

$1,000 × 0.06

= 60 dollars

Current yield = Interest payment / Market price

Current yield = $60 / $950

= 0.06316

= 6.316%

Read more on yield on corporate bond here:https://brainly.com/question/14064867

#SPJ1

If you make the minimal payment of $80 on the end of the first month, $61.85 will cross towards the principal and $18.15 will go towards interest charges.

To calculate how much of the minimal charge goes closer to the principal, we first need to calculate the amount of interest that accrues at the outstanding balance for the first month.

Interest charged for the month = monthly interest fee x outstanding stability

Now we are able to calculate how a good deal of the minimal fee goes closer to the principal:

Consequently, if you make the minimal payment of $80 on the end of the first month, $61.85 will cross towards the principal and $18.15 will go towards interest charges.

Learn more about Simple Interest:-

https://brainly.com/question/29716197

#SPJ1

a) State the hypotheses in symbols:
H₀: p = 0.114 (null hypothesis: the county's proportion of vacant housing units is equal to the national proportion)
H₁: p ≠ 0.114 (alternative hypothesis: the county's proportion of vacant housing units is different from the national proportion)
b) Assumptions and conditions for 1-Proportion z-Test:
A. Randomization Condition
B. 10% Condition
D. Success/Failure Condition
E. Nearly Normal Condition
c) To perform a 1-Proportion z-Test, enter the following in your calculator:
1-PropZTest(0.114, 120/850, 850)
Test statistic (z): ≈ 2.24
P-value: ≈ 0.025
d) Sketch of the test distribution:
- Label the x-axis with the test statistic (z ≈ 2.24)
- For a two-tailed test, divide the p-value in half (0.025/2 = 0.0125) and label each half of the area under the curve
e) Conclusion:
Since the p-value (0.025) is less than the significance level (α = 0.05), we reject the null hypothesis. There is sufficient evidence to conclude that the proportion of vacant housing units in the county is different from the national proportion of 11.4%.

Learn more about hypotheses here:

https://brainly.com/question/18064632

#SPJ11

Answer:

C. $5.31

Step-by-step explanation:

35.40*0.15=5.31

0.15 is 15%

Answer:

3x^3 + 6x^2 - 24x + 27.

Step-by-step explanation:

To subtract these two polynomials, we need to combine like terms.

7x^3 - 16x + 18 - (4x^3 - 6x^2 + 8x - 9)

First, we can simplify the parentheses by distributing the negative sign:

7x^3 - 16x + 18 - 4x^3 + 6x^2 - 8x + 9

Next, we can combine like terms:

(7x^3 - 4x^3) + (6x^2) + (-16x - 8x) + (18 + 9)

Simplifying further:

3x^3 + 6x^2 - 24x + 27

Therefore, the answer is 3x^3 + 6x^2 - 24x + 27.

The integral that quantifies the increase in the volume of a sphere as its radius r triples from r unit to 3r units is 26πr³.

To write an integral that quantifies the increase in the volume of a sphere as its radius r triples from r unit to 3r units, we will use the formula for the volume of a sphere, which is V = (4/3)πr³.

To find the increase in volume, we will integrate the derivative of the volume with respect to r from r to 3r:

ΔV = ∫(dV/dr) dr from r to 3r

First, find the derivative of the volume with respect to r:

dV/dr = d(4/3πr³)/dr = 4πr²

Now, integrate the derivative with respect to r from r to 3r:

ΔV = ∫(4πr²) dr from r to 3r = 4π [∫r² dr from r to 3r]

= 4π [(1/3)r³] evaluated from r to 3r

= 4π [(1/3)(3r)³ - (1/3)r³]

= 4π [(27 - 1)/3] r³

= 26πr³

So, the integral that quantifies the increase in the volume of a sphere as its radius r triples from r unit to 3r units is 26πr³.

Learn more about integral here:

https://brainly.com/question/18125359

#SPJ11

If line q passes through points (1,5) and (8, 2). line r is perpendicular to q, Then the slope of line r is 7/3.

The slope of a line is a measure of how steep the line is, or how much the line rises or falls as we move horizontally along it. It is defined as the ratio of the change in the vertical (y) coordinate to the change in the horizontal (x) coordinate between any two points on the line. In other words, it is the "rise" divided by the "run".

The formula for finding the slope between two points (x1, y1) and (x2, y2) on a line is:

slope = (y2 - y1) / (x2 - x1)

The slope can be positive, negative, zero or undefined. A positive slope means the line rises as we move from left to right, a negative slope means the line falls as we move from left to right, a slope of zero means the line is horizontal and a slope that is undefined means the line is vertical.

The slope of the line q passing through the points (1,5) and (8,2) can be found using the slope formula:

the slope of q = (change in y) / (change in x)

= (2 - 5) / (8 - 1)

= -3/7

Since line r is perpendicular to line q, the slope of line r will be the negative reciprocal of the slope of line q. That is:

the slope of r = -1 / slope of q

= -1 / (-3/7)

= 7/3

Therefore, the slope of line r is 7/3.

To learn more about The slope of the horizontal line click:

brainly.com/question/30206752

#SPJ1

Total number of people = (4 classes x 23 students x 3 adults) = 276 people
Number of buses = 5
So, the numbers of people on each bus = 276/5 = 55.2
Since the number of people on each bus must be a whole number, we need to round up to the nearest whole number, which is 56. Therefore, there will be 56 people on each bus.

First, let's find the total numbers of people going on the field trip:

There are 4 classes with 23 students and 3 adults each, so there are 26 people per class (23 students + 3 adults). Since there are 4 classes, we have a total of 4 * 26 = 104 people.

Now, let's divide the total number of people by the number of buses to find out how many people will be on each bus:

104 people / 5 buses = 20.8 people per bus

However, we cannot have a fraction of a person on a bus, so the solution must belong to the set of natural numbers. In this real-world context, having 20.8 people on each bus is not a valid solution, as it is not a natural number.

Therefore, the correct answer is:
C. Because of the real-world context, the solution must belong to the set of all natural numbers. Therefore, the solution is unacceptable.  The statement that must be true about the solution is C. Because the real-world context involves a group of 4th-grade students and their teachers, the solution must be a whole number, since we cannot have a fraction of a person and the solution must belong to the set of all natural numbers, and any solution that is not a natural number would be unacceptable.

Learn more about numbers:

brainly.com/question/17429689

#SPJ11

Confidence Interval = Mean ± (Critical Value * Standard Deviation / √n). In this formula, the Mean represents the average time, the Critical Value is determined by your desired level of confidence, the Standard Deviation is 21 as mentioned, and n is the sample size (25 in this case).

Your question appears to be related to a study involving the effectiveness of a war strategy and might involve some statistical concepts, such as mean and standard deviation.

To estimate the time for a population with a given mean and standard deviation, you would typically use a confidence interval. This interval gives you a range of values within which the true population mean is likely to lie.

To calculate a confidence interval, use the following formula:

Confidence Interval = Mean ± (Critical Value * Standard Deviation / √n)

In this formula, the Mean represents the average time, the Critical Value is determined by your desired level of confidence, the Standard Deviation is 21 as mentioned, and n is the sample size (25 in this case).

Once you calculate the confidence interval, you can provide an estimate for the time a population might take in relation to the war strategy being studied. Remember to round the values as needed.

To learn more about Confidence Interval, click here:

brainly.com/question/24131141

#SPJ11

The work done by the force field in moving the object from (0,3) to (4,5) along the given path is -190.

To find a function f(x,y) such that F= -∇f, we need to find the potential function that corresponds to the given force field F.

We can do this by integrating each component of F with respect to its corresponding variable. That is,

f(x,y) = ∫F.dx = ∫(12x^2y+4)dx + C(y)

where C(y) is an arbitrary function of y that arises due to the fact that we are integrating with respect to x only.

To find C(y), we differentiate f(x,y) with respect to y and compare it with the y-component of F:

d/dy[f(x,y)] = ∫∂F/∂y.dx = x(4x^2-1)

Comparing this with the y-component of F, we have:

4x^2-1 = 4x^2y + C'(y)

where C'(y) is the derivative of C(y) with respect to y. To determine C(y), we integrate this expression with respect to y:

C(y) = ∫(4x^2-1-4x^2y)dy = 4x^2y - 2y^2 - y + K

where K is an arbitrary constant of integration.

Therefore, the potential function f(x,y) is:

f(x,y) = 4x^3y + 4x - xy^2 - y + K

where K is an arbitrary constant.

Now, we can use this potential function to find the work done by the force field F in moving an object from (0,3) to (2,3), and then from (2,3) to (4,5) along a piecewise linear path.

Along the first segment of the path from (0,3) to (2,3), the change in potential energy is given by:

Δf = f(2,3) - f(0,3) = (32+8-27-3) - (0+0-9-3) = 4

The work done by the force field along this segment is equal to the negative of the change in potential energy, so we have:

W1 = -Δf = -4

Along the second segment of the path from (2,3) to (4,5), the change in potential energy is given by:

Δf = f(4,5) - f(2,3) = (320+16-75-5) - (32+8-27-3) = 186

The work done by the force field along this segment is again equal to the negative of the change in potential energy, so we have:

W2 = -Δf = -186

The total work done by the force field in moving the object along the entire path is therefore:

W = W1 + W2 = -4 - 186 = -190

Therefore, the work done by the force field in moving the object from (0,3) to (4,5) along the given path is -190.

To learn more about potential visit:

https://brainly.com/question/4305583

#SPJ11

The probability that someone who passed the test did so on the third attempt is approximately 0.298

Let P1, P2, and P3 be the probabilities of passing the test on the first, second, and third attempts, respectively.

We are given that P1 = 0.30, P2 = 0.55, and P3 = 0.15.

Using Bayes' theorem to find the probability that someone who passed the test did so on the third attempt:

P(P3 | pass) = P(pass | P3) * P(P3) / P(pass)

The P(pass) is the probability of passing the test, which is the sum of the probabilities of passing on each attempt:

P(pass) = P1 + (1 - P1) * P2 + (1 - P1) * (1 - P2) * P3

P(pass) = 0.30 + 0.70 * 0.55 + 0.70 * 0.45 * 0.15

P(pass) = 0.5025

P(pass | P3) is the probability of passing the test given that it is the third attempt, which is simply P3:

P(pass | P3) = P3 = 0.15

Therefore, we can plug in the values and solve for P(P3 | pass):

P(P3 | pass) = 0.15 * P3 / P(pass)

P(P3 | pass) = 0.15 / 0.5025

P(P3 | pass) = 0.298

So the probability that someone who passed the test did so on the third attempt is approximately 0.298, or 29.8%.

Learn more about probability at https://brainly.com/question/24756209

#SPJ1

The ratio of the tangent of angle P of the given problem is: 36/77

We are given the parameters of the right angle triangle as:

R=90°

RQ = 36

PR = 77

QP = 85.

The six trigonometric ratios are sine (sin), cosine (cos), tangent (tan), cotangent (cot), cosecant (cosec), and secant (sec). In geometry, trigonometry is a branch of mathematics that deals with the sides and angles of a right-angled triangle. Therefore, trigonometric ratios are calculated with respect to sides and angles

The three main trigonometric ratios are:

sin x = opposite/hypotenuse

cos x = adjacent/hypotenuse

tan x = opposite/adjacent

Thus:

tan P = RQ/PR

tan P = 36/77

Thus, that is the value of tan P

Read more about Trigonometric ratios at: https://brainly.com/question/13276558

#SPJ1

The perimeter of the triangle with sides of 2m, 2m, and 2m is:

Perimeter = sum of all sides

Perimeter = 2m + 2m + 2m

Perimeter = 6m

Therefore, the perimeter of the triangle is 6 meters.

Answer:  121

Step-by-step explanation:

Area of a parallelogram = base x height = 11 x 11 = 121

The Area of triangle with the given height 10 cm and base 6 cm is calculated to be  30 square centimeters.

To calculate the area of a triangle with height 10 cm and base 6 cm, we can use the formula:

Area = (1/2) x Base x Height

Substituting the given values, we get:

Area = (1/2) x 6 cm x 10 cm

Area = 30 square cm

Therefore, the area of the triangle is 30 square centimeters.

We can see that the area of the triangle is calculated by multiplying the base and height and then dividing the result by 2. In this case, the height of the triangle is 10 cm and the base is 6 cm, so the area is 30 square cm. This formula can be used to calculate the area of any triangle, regardless of its size or shape.

Learn more about Triangles :

https://brainly.com/question/21036800

#SPJ4

The complete question is :

Calculate the Area of triangle with the height 10 cm and base 6 cm .

The measures of the angles and the proofs are shown below

Circle 4

The angle at the centre is twice the angle at the circumference

So, we have

360 - ∠BOD = 2 * 110

Evaluate

∠BOD = 140

Circle 5

Angle in a semicircle is 90 degrees

So, we have

∠ABD + 19 = 90

∠ABD = 71

Angles in the same segment are equal

So, we have

∠ACB = 19

Circle 6

Using the same theorem above, we have

5y + y = 90

y = 15

So, we have

∠BAC = 5 * 15

∠BAC = 75

Circle 7

By the corresponding angle theorem, we have

∠ABO = ∠CDO

By the sum of opposite internal angles in a triangle, we have

∠BOC = ∠BAO + ∠ABO

Substitute ∠ABO = ∠CDO

∠BOC = ∠BAO + ∠CDO --- proved

The angles at the edges are equal because they are corresponding angles of congruent isosceles triangles

Cyclic Quadrilateral

The opposite angles of cyclic quadrilaterals add up to 180 degrees

So, we have

180 - ∠x + 180 - ∠y = 180

Evaluate

∠x + ∠y = 180 --- proved

Read more about circle theorem at

brainly.com/question/31385923

#SPJ1

Answer:

down....

Step-by-step explanation:

-1.231807859542612e+17

Answer: 5

Step-by-step explanation:

The second number in an ordered pair is the y-coordinate and corresponds to a number on the y-axis.

It follows from the task content that the second number in an ordered pair represents what coordinates as required to be determined.

Recall that an ordered pair of coordinates usually takes the form; (x, y) in which case, x which is the first number represents the x-coordinate while y, which is the second number represents the y-coordinate.

On this note, the two blanks in the given sentence to be completed are best filled with; "second number" and y-axis respectively.

Read more on ordered pairs;

https://brainly.com/question/11139505

#SPJ1

Answer:

Step-by-step explanation:

10

It is easier to obtain an accurate estimate of the binomial parameter π when it is close to 0 or 1 because in these cases, the number of successes or failures is more extreme, and the distribution is more skewed.

This means that the sample size needed to achieve a certain level of precision is smaller compared to when π is close to 1/2, where the distribution is more symmetrical and the sample size needed to obtain the same level of precision is larger.

Additionally, when π is close to 1/2, there is more variability in the data, making it more difficult to differentiate between the true value of π and the value obtained from the sample.

Know more about binomial parameter here:

https://brainly.com/question/14565246

#SPJ11

In order to create a regression model predicting employee salary at a company based on the given predictor variables, we would need to dummy code the job title variable.

The other variables, experience, tenure, and age, can be used as continuous variables without the need for dummy coding. Dummy coding the job title variable would involve creating separate binary variables for each job title category, with a value of 1 indicating that the employee holds that job title and a value of 0 indicating they do not. This would allow us to include job title as a predictor variable in the regression model while accounting for the fact that job titles are not continuous or ordinal variables.

Learn more about  regression model  here:

https://brainly.com/question/14983410

#SPJ11

The quadratic function for the data-set in the table is given as follows:

y = 3x² + 2x + 1.

The standard definition of a quadratic function is given as follows:

y = ax² + bx + c.

When x = 0, y = 1, from the table, hence the coefficient c is given as follows:

c = 1.

Hence:

y = ax² + bx + 1.

When x = 1, y = 6, hence:

a + b + 1 = 6

a + b = 5.

b = 5 - a.

When x = 2, y = 17, hence:

4a + 2b + 1 = 17

4a + 2b = 16

4a + 2(5 - a) = 16

2a = 6

a = 3.

b = 5 - a = 5 - 3 = 2.

Hence the function is:

y = 3x² + 2x + 1.

More can be learned about quadratic functions at https://brainly.com/question/1214333

#SPJ1

(a) No conditions. (b) The playlist must consist of exactly 3 songs from each artist. (c) The playlist must consist of at least 2 songs from each artist.

Working:

To build a playlist of 6 songs from 25 unique songs, we can use the formula for combinations:

nCr = n! / r!(n-r)!

where n is the total number of songs and r is the number of songs we want to include in the playlist.

So the number of ways to build the playlist is:

25C6 = 25! / 6!(25-6)! = 177,100

Therefore, there are 177,100 ways to build the playlist without any conditions.

(b) The playlist must consist of exactly 3 songs from each artist.

To build a playlist of 6 songs with exactly 3 songs from each artist, we can use the formula for combinations again:

nCr = n! / r!(n-r)!

We need to choose 3 songs from artist A and 3 songs from artist B, so we can calculate the number of ways to do this separately:

Number of ways to choose 3 songs from artist A:

10C3 = 10! / 3!(10-3)! = 120

Number of ways to choose 3 songs from artist B:

15C3 = 15! / 3!(15-3)! = 455

To get the total number of ways to build the playlist, we can multiply these two numbers together:

120 * 455 = 54,600

Therefore, there are 54,600 ways to build the playlist with exactly 3 songs from each artist.

(c) The playlist must consist of at least 2 songs from each artist.

To build a playlist of 6 songs with at least 2 songs from each artist, we can break this down into cases:

Case 1: 2 songs from artist A and 4 songs from artist B

Number of ways to choose 2 songs from artist A:

10C2 = 10! / 2!(10-2)! = 45

Number of ways to choose 4 songs from artist B:

15C4 = 15! / 4!(15-4)! = 1,386

Total number of ways for case 1:

45 * 1,386 = 62,370

Case 2: 3 songs from artist A and 3 songs from artist B

We already calculated the number of ways for this case in part (b):

54,600

Case 3: 4 songs from artist A and 2 songs from artist B

Number of ways to choose 4 songs from artist A:

10C4 = 10! / 4!(10-4)! = 210

Number of ways to choose 2 songs from artist B:

15C2 = 15! / 2!(15-2)! = 105

Total number of ways for case 3:

210 * 105 = 22,050

Total number of ways to build the playlist with at least 2 songs from each artist:

62,370 + 54,600 + 22,050 = 139,020

Therefore, there are 139,020 ways to build the playlist with at least 2 songs from each artist.

Visit here to learn more about Total brainly.com/question/30883537

#SPJ11

Answer:

The equation 2 has a graph which is a straight line.

Step-by-step explanation:

Why?

We can know which of the given equations has a graph which is a straight line just checking the exponents of the variables.

We must remember that every variable that has an exponent equal or higher than 2 (quadratic) will not have a straight line as a graphic.

So, checking the exponents from the given equations, we have:

Hence, we can see that the only equation that has a linear term (straight line graph), is the second equation.

So the vector form of the quadratic function y = x² - 8x + 17 is: y = (x - 4)² + 1.

To change from standard form to vertex form, we need to complete the square.

First, we group the x-terms together and factor out any common coefficient of x², giving:

y = x² - 8x + 17

y = 1(x² - 8x) + 17

Next, we need to add and subtract a constant inside the parentheses to complete the square. To determine this constant, we take half of the coefficient of x (-8) and square it:

(-8/2)² = 16

So we add and subtract 16 inside the parentheses:

y = 1(x² - 8x + 16 - 16) + 17

Now we can factor the quadratic expression inside the parentheses as a perfect square:

y = 1[(x - 4)² - 16] + 17

Simplifying and rearranging terms, we get:

y = (x - 4)² + 1

To know more about vector,

https://brainly.com/question/20426452

#SPJ11

The prove of identity  (sec t - cos t) / sec t = sin² t is shown.

Given that;

The identity is,

⇒ (sec t - cos t) / sec t = sin² t

Now, We can prove as;

LHS;

⇒ (sec t - cos t) / sec t

⇒ 1 - cos t / sec t

⇒ 1 - cos t cos t

⇒ 1 - cos ² t

⇒ sin² t = RHS

Hence, The prove of identity is shown above.

Learn more about the mathematical expression visit:

brainly.com/question/1859113

#SPJ1

The amount of money needed per month to reach a retirement savings goal of $100,000 is $106

Using the formula for monthly compound interest:

FV = P * ((1 + r)^n - 1) / r

where:

P = $50

r = 2.5% / 12 = 0.0020833

n = 55 - 21 * 12 = 408

FV = 50 * ((1 + 0.0020833)^408 - 1) / 0.0020833 = $70,253.46

To find out how much more money is needed each month to reach a goal of $100,000, we can set up an equation:

$70,253.46 + P * ((1 + 0.0020833)^408 - 1) / 0.0020833 = $100,000

Solving for P:

P = (100,000 - 70,253.46) * 0.0020833 / ((1 + 0.0020833)^408 - 1) = $105.74

Rounding to the nearest dollar, the answer is $106.

Learn more about future value at https://brainly.com/question/25805668

#SPJ1