Penelope is going to invest $23,000 and leave it in an account for 11 years. Assuming the interest is compounded continuously, what interest rate, to the nearest tenth of a
percent, would be required in order for Penelope to end up with $41,000?

Arandom sample of 15 observations is used to estimate the population mean. the sample mean and the standard deviation are calculated as 172 and 63, respectively. assume that the population is normally distributed. a. with 99 confidence, what is the margin of error for the estimation of the population mean? b. construct the 99% confidence interval for the population mean. c. construct the 95% confidence interval for the population mean. d. construct the 83% confidence interval for the population mean. hint: you need to use excel function =t.inv.2t to find the value of t for the interval calculation.