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Lilit [14]
4 years ago
10

Suppose we deposit $73,000 into a savings account which compounds daily with 5% APY and we want to know how much the account wil

l be worth after two days.

Mathematics
1 answer:
NARA [144]4 years ago
3 0
Let
I1-------------> interest first day
I2-------------> interest second day

we know that
P0=$73000----------> initial amount

first day
I1=73000*(5%/100)*(1/365)-----------> I1=$10
P1=P0+I1------> $73000+$10-------- P1=$73010

second day
P1=$73010
I2=73010*(5%/100)*(1/365)-----------> I2=$10
P2=P1+I2------> $73010+$10-------- P2=$73020

the answer is $73020

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At a local University, it is reported that 81% of students own a wireless device. If 5 students are selected at random, what is
Sphinxa [80]

Answer:

34.87% probability that all 5 have a wireless device

Step-by-step explanation:

For each student, there are only two possible outcomes. Either they own a wireless device, or they do not. The probability of a student owning a wireless device is independent from other students. So we use the binomial probability distribution to solve this question.

Binomial probability distribution

The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.

P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}

In which C_{n,x} is the number of different combinations of x objects from a set of n elements, given by the following formula.

C_{n,x} = \frac{n!}{x!(n-x)!}

And p is the probability of X happening.

81% of students own a wireless device.

This means that p = 0.81

If 5 students are selected at random, what is the probability that all 5 have a wireless device?

This is P(X = 5) when n = 5. So

P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}

P(X = 5) = C_{5,5}.(0.81)^{5}.(0.19)^{0} = 0.3487

34.87% probability that all 5 have a wireless device

5 0
3 years ago
How do you find the percentage of a number?
Dahasolnce [82]
To find the percentage of a number multiply it by whatever decimal you are using or a fraction that you have to convert into a decimal to find the percent. Example: What is 10% of 25? (.10)(25) = 2.5 so 10% of 25 is 2.5.
4 0
4 years ago
What is the solution to the expression –2 – 3 – (–4)?
Contact [7]
-2 - 3 -(-4)= -2 - 3 + 4
-2 - 3 + 4
-5 + 4
= -1
7 0
4 years ago
Read 2 more answers
What is the value of x?<br> 8x + 2
m_a_m_a [10]

Answer:

x = 6

General Formulas and Concepts:

<u>Pre-Algebra</u>

  • Order of Operations: BPEMDAS
  • Equality Properties

<u>Geometry</u>

  • All angles in a triangle add up to 180°

Step-by-step explanation:

<u>Step 1: Set up equation</u>

(8x + 2) + 70 + 60 = 180

<u>Step 2: Solve for </u><em><u>x</u></em>

  1. Combine like terms:                    8x + 132 = 180
  2. Isolate <em>x</em> term:                              8x = 48
  3. Isolate <em>x</em>:                                       x = 6
8 0
3 years ago
Please please please help me guys
nikklg [1K]

Answer:

The correct answer is B

Step-by-step explanation:

3 0
3 years ago
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