I've come across this problem in my Prep Course for taking a CQE exam. I've tried different items to try and solve it and have come up empty. The equation asks to solve n. I know n = 2.86 but I'm confused on how to get there. I know I have to use logarithms to solve it, just not sure of the order. The equation follows;
.99=1-(1-.8)^n
.99=1-(.2)^n
Log of .99 = -.00436
Log of .2 = -.6989
This is where I stumble and totally lose my focus. Any help would be greatly appreciated.
Thanks.
.99=1-(1-.8)^n
.99=1-(.2)^n
Log of .99 = -.00436
Log of .2 = -.6989
This is where I stumble and totally lose my focus. Any help would be greatly appreciated.
Thanks.