Assume that the GMAT scores across the U. S. follow a bell shaped distribution (symmetric and unimodal) with mean 549 and standard deviation 76. Use the Empirical Rule (68-95-99.7 rule) to answer the following question: What is the GMAT score corresponding to the 16th percentile

The GMAT score corresponding to the 16th percentile is 473.

Step-by-step explanation:

Empirical Rule.

The Empirical Rule states that, for a normally distributed random variable:

Approximately 68% of the measures are within 1 standard deviation of the mean.

Approximately 95% of the measures are within 2 standard deviations of the mean.

Approximately 99.7% of the measures are within 3 standard deviations of the mean.

68% of the measures within 1 standard deviation of the mean.

This means that they are between the 50 - (68/2) = 50 - 34 = 16th percentile(one standard deviation below the mean) and the 50 + (68/2) = 50 + 34 = 84th percentile(one standard deviation above the mean).

In this question:

Mean of 549, standard deviation of 76.

16th percentile:

One standard deviation below the mean, so 549 - 76 = 473.

The GMAT score corresponding to the 16th percentile is 473.

the answer is 200

step-by-step explanation:

the way the question is worded, it seems to imply the $264 interest is simple interest, not compound interest.

the simple interest for 2 years is $264; the simple interest for 1 year is $132.

$132 interest on a $600 investment means an interest rate of (132/600)*100 = 22%.

the value of $200 at 22% interest compounded annually for three years is

200%281.22%29%5e3

the amount of interest is that value, minus the original $200.