The sum of the sequence is 750
<h3>How to determine the sum of the series?</h3>The series is given as:
150, 120, 96, and 76.8,
Start by calculating the common ratio using:
r = T2/T1
This gives
r = 120/150
r = 0.8
The sum of the series is then calculated as:
This gives
Evaluate
S = 750
Hence, the sum of the sequence is 750
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Answer:
4.
5.
6. or 3.5
Step-by-step explanation:
Multiply those 2 values whose diagonal has both terms and divide by the term whose diagonal has the variable.
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Answer:
The probability that exactly one of these mortgages is delinquent is 0.357.
Step-by-step explanation:
We are given that according to the Mortgage Bankers Association, 8% of U.S. mortgages were delinquent in 2011. A delinquent mortgage is one that has missed at least one payment but has not yet gone to foreclosure.
A random sample of eight mortgages was selected.
The above situation can be represented through Binomial distribution;
where, n = number of trials (samples) taken = 8 mortgages
r = number of success = exactly one
p = probability of success which in our question is % of U.S.
mortgages those were delinquent in 2011, i.e; 8%
<em>LET X = Number of U.S. mortgages those were delinquent in 2011</em>
So, it means X ~
Now, Probability that exactly one of these mortgages is delinquent is given by = P(X = 1)
P(X = 1) =
=
= 0.357
<u><em>Hence, the probability that exactly one of these mortgages is delinquent is 0.357.</em></u>