Answer:
10.21
Step-by-step explanation:
Answer:
Step-by-step explanation:
Given
Required
Determine the equation (y)
Let the steady rate be represented with r.
So, the equation (y) can be determined using:
<span>In 10 years, you will have $31,049.30</span>
This could be a situation in which items are both bought and sold. In calculating the inventory, positive numbers represent items bought, negative numbers represent items sold and 0 would be no items in the inventory.
Another type of situation would be the displacement of an object from the original position. Where 0 would represent the original/starting position, positive values would represent distance moved forward, negative values represent distance moved backwards.
Answer:
Total possible number of outcomes = C(24,6) [24 choose 6]
=24!/(6!18!)
= 134596
Out of which there is only one winning combination.
Therefore we conclude:
P(win 20000)=1/134596
P(lose 1)=134595/134596
and hence the expected value is:
20000*(1/134596)+(-1)*(134595/134596)
=-114595/134596
=-0.8514 (rounded to four places after decimal)
Step-by-step explanation:
Hope this helped!
