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netineya [11]
3 years ago
7

In how many months will the total cost of both options be the same? What will that cost be?

Mathematics
1 answer:
gregori [183]3 years ago
7 0
If you make yourself a monthly expense chart:
                                                       Months
                    <u>  1       2            3           4        5        6       7      8        9        10</u>
Opt 1         -80      -30        -30        -30      -30     -30    -30    -30   -30      -30
Opt 2         -40     -40        -40        -40       -40      -40    -40    -40    -40   -40

By month 5 the total amount spent for Opt 1 is $200 and Opt 2 is $200

For part two add up the values for each all the way up to month 9.
Option 1:   80 + 30(8) =  80 + 240 = 320 spent
Option 2:   40(9)  = 360  spent

So option 1 is cheaper by month 9

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Using the binomial distribution, it is found that there is a 0.5601 = 56.01% probability that the number having at least one VCR is no more than 8 but at least 6.00.

For each household, there are only two possible outcomes. Either it has at least one VCR, or it does not. The probability of a household having at least one VCR is independent of any other household, which means that the binomial distribution is used to solve this question.

Binomial probability distribution

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

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

The parameters are:

  • x is the number of successes.
  • n is the number of trials.
  • p is the probability of a success on a single trial.

In this problem:

  • 14 households, hence n = 14.
  • 0.535 probability of having at least one VCR, hence p = 0.535.

The probability of <u>at least 6 and no more than 8</u> is:

P(6 \leq X \leq 8) = P(X = 6) + P(X = 7) + P(X = 8)

In which:

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

P(X = 6) = C_{14,6}.(0.535)^{6}.(0.465)^{8} = 0.1539

P(X = 7) = C_{14,7}.(0.535)^{7}.(0.465)^{7} = 0.2024

P(X = 8) = C_{14,8}.(0.535)^{8}.(0.465)^{6} = 0.2038

Then:

P(6 \leq X \leq 8) = P(X = 6) + P(X = 7) + P(X = 8) = 0.1539 + 0.2024 + 0.2038 = 0.5601

0.5601 = 56.01% probability that the number having at least one VCR is no more than 8 but at least 6.00.

A similar problem is given at brainly.com/question/24863377

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