1. If $18,000 is invested at 6% compounded monthly, what is the amount after 7 years?
1 answer:
You might be interested in
Answer:
There is a 6.07% probability that during next 2 min exactly 5 cars passing an intersection are from state.
Step-by-step explanation:
Step-by-step explanation:
In a Poisson distribution, the probability that X represents the number of successes of a random variable is given by the following formula:
In which
x is the number of sucesses
is the Euler number
is the mean in the given time interval.
In this problem, we have that:
A traffic engineer monitors the traffic flowing through an intersection with an average of 6 cars per minute. So in 2 minutes, 12 cars are expected to flow through the intersection.
If 75% of vehiclesare from state, what is the probability that during next 2 min exactly 5 cars passing an intersection are from state?
We want to know how many of these cars are from state. In 2 minutes, 0.75*12 = 9 cars from the state are expected to pass the intersection, so .
We want to find P(X = 2).
There is a 6.07% probability that during next 2 min exactly 5 cars passing an intersection are from state.