Suppose an investment of $2000 doubles in value every 8 years. How much is the investment worth after 24 years? After 32 years?
1 answer:
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Answer:
Step-by-step explanation:
There are
2 yellow
3 magenta
5 blue
marbles in the bag.
So total of 2 + 3 + 5 = 10 marbles
We have to multiply the probability of yellow on first pick by the probability of yellow on second pick (WITHOUT REPLACEMENT).
We denote P(Y1) as probability of yellow on first draw &
P(Y2) as probability of yellow on second draw
Thus,
P(Y1) = 2/10 = 1/5 [since 2 yellow and 10 total marbles]
Now,
P(Y2) = 1/9 [since now 1 yellow is taken out and NOT replaced, so we have 1 yellow remaining and total 9 marbles]
Now, we multiply:
P(Y1) * P(Y2) = 1/5 * 1/9 = 1/45
The probability is