Answer:
Step-by-step explanation:
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Using a discrete probability distribution, it is found that:
a) There is a 0.3 = 30% probability that he will mow exactly 2 lawns on a randomly selected day.
b) There is a 0.8 = 80% probability that he will mow at least 1 lawn on a randomly selected day.
c) The expected value is of 1.3 lawns mowed on a randomly selected day.
<h3>What is the discrete probability distribution?</h3>Researching the problem on the internet, it is found that the distribution for the number of lawns mowed on a randomly selected dayis given by:
- P(X = 0) = 0.2.
- P(X = 1) = 0.4.
- P(X = 2) = 0.3.
- P(X = 3) = 0.1.
Item a:
P(X = 2) = 0.3, hence, there is a 0.3 = 30% probability that he will mow exactly 2 lawns on a randomly selected day.
Item b:
There is a 0.8 = 80% probability that he will mow at least 1 lawn on a randomly selected day.
Item c:
The expected value of a discrete distribution is given by the <u>sum of each value multiplied by it's respective probability</u>, hence:
E(X) = 0(0.2) + 1(0.4) + 2(0.3) + 3(0.1) = 1.3.
The expected value is of 1.3 lawns mowed on a randomly selected day.
More can be learned about discrete probability distributions at brainly.com/question/24855677
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t= number of years
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t is number of years that we are holding our money on the bank account.
To solve this problem we will assume that we are putting same amount each month on the bank account.
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A=$19500
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r=1.5%
t=5 years
First step is to transform r into decimal number:
Now we get back to our formula and we solve it for P:
We insert numbers and we get our principal:
We need to put $18139.53 into savings to get required amount after 5 years or 5*12=60months. Assuming that we put same amount each month into savings we need to put
This is our solution for this problem. This is closest to the amount we would need to put in real life. In real life we would earn interest onto interest and our monthly amount would be smaller.
Where:
A= total accumulated amount (principal + interest)
P= principal
r= yearly percentage rate
t= number of years
We need to save $19500 for the first year at a college. This is the amount we will have at the account after five years. In our case this is A.
Principal is the amount we need to put into savings to get the total amount needed. In our case this is P.
Yearly percentage rate is the percentage by which our savings increase at the end of a year. In our case this is r.
t is number of years that we are holding our money on the bank account.
To solve this problem we will assume that we are putting same amount each month on the bank account.
We are given:
A=$19500
P=?
r=1.5%
t=5 years
First step is to transform r into decimal number:
Now we get back to our formula and we solve it for P:
We insert numbers and we get our principal:
We need to put $18139.53 into savings to get required amount after 5 years or 5*12=60months. Assuming that we put same amount each month into savings we need to put
This is our solution for this problem. This is closest to the amount we would need to put in real life. In real life we would earn interest onto interest and our monthly amount would be smaller.