How much money invested at 7% compounded continuously for 6 years will yield $500?
1 answer:
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Answer:
0.5798 or 57.98%
Step-by-step explanation:
The total number of ways to form the two teams is the combination of choosing 10 people out of 35 (₃₅C₁₀). The number of possibilities that A and B are both on the 10-people team is given by the combination of choosing 8 people (since two are fixed) out of 33 (₃₃C₈).The number of possibilities that A and B are both on the 25-people team is given by the combination of choosing 10 people out of 33 (₃₃C₈).
Therefore, the probability that two particular people A and B will be on the same team is:
The probability is 0.5798 or 57.98%.