Answer:
Step-by-step explanation:
Percentage Calculator: What is 57 percent of 3.09? = 1.7613.
P(at least 5 rolls until 1) = P(4 rolls are not 1) = 5/6 x 5/6 x 5/6 x 5/6 = 0.4823 (4sf)
Fewer than 7 rolls to get second 1 after first takes 3 rolls means second occurs on 4th, 5th or 6th roll
The probability of each of these is 1/6, 5/6 x 1/6 and 5/6 x 5/6 x 1/6 respectively.
P(second 1 on 4th, 5th or 6th roll) = 1/6 + 5/36 + 25/216 = 91/216 = 0.4213 (4sf)
First write it in vertex form :-
y= a(x - 2)^2 + 3 where a is some constant.
We can find the value of a by substituting the point (0.0) into the equation:-
0 = a((-2)^2 + 3
4a = -3
a = -3/4
so our equation becomes y = (-3/4)(x - 2)^2 + 3
Answer:
there is an economic principle that states that 1 dollar today is worth more than 1 dollar in the future, since an invested dollar could earn interests and gain value.
For example, we can assume a 6% interest rate (0.5% monthly interest rate), and using the present value formula we can determine the present value of $100:
- given to us in 30 days = $100 / (1 + 0.5%)¹ = $99.50
- given to us in 150 days = $100 / (1 + 0.5%)⁵ = $97.54
- given to us in 300 days = $100 / (1 + 0.5%)¹⁰ = $95.13
In order to calculate the value of $100 given to us tomorrow, we would need to determine a daily interest rate = 6% / 360 = 0.00017
- $100 given to us tomorrow = $100 / (1 + 0.00017)¹ = $99.98
since the amount of money is not that large and the interest rate is rather low, the difference in value is not that large. But imagine if you used a 24% interest rate instead of 6% (monthly interest rate = 2%)
- $100 given to us in 30 days = $100 / (1 + 2%)¹ = $98.04
- $100 given to us in 150 days = $100 / (1 + 2%)⁵ = $90.57
- $100 given to us in 300 days = $100 / (1 + 2%)¹⁰ = $82.03
as the interest rate increases, the present value decreases.
