Using the quadratic formula to solve 2x2=4x-7 , what are the values of x?
1 answer:
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Answer:
The probability that these four will contain at least two more high-risk drivers than low-risk drivers is 0.0488.
Step-by-step explanation:
Denote the different kinds of drivers as follows:
L = low-risk drivers
M = moderate-risk drivers
H = high-risk drivers
The information provided is:
P (L) = 0.50
P (M) = 0.30
P (H) = 0.20
Now, it given that the insurance company writes four new policies for adults earning their first driver’s license.
The combination of 4 new drivers that satisfy the condition that there are at least two more high-risk drivers than low-risk drivers is:
S = {HHHH, HHHL, HHHM, HHMM}
Compute the probability of the combination {HHHH} as follows:
P (HHHH) = [P (H)]⁴
= [0.20]⁴
= 0.0016
Compute the probability of the combination {HHHL} as follows:
P (HHHL) = × [P (H)]³ × P (L)
= 4 × (0.20)³ × 0.50
= 0.016
Compute the probability of the combination {HHHM} as follows:
P (HHHL) = × [P (H)]³ × P (M)
= 4 × (0.20)³ × 0.30
= 0.0096
Compute the probability of the combination {HHMM} as follows:
P (HHMM) = × [P (H)]² × [P (M)]²
= 6 × (0.20)² × (0.30)²
= 0.0216
Then the probability that these four will contain at least two more high-risk drivers than low-risk drivers is:
P (at least two more H than L) = P (HHHH) + P (HHHL) + P (HHHM)
+ P (HHMM)
= 0.0016 + 0.016 + 0.0096 + 0.0216
= 0.0488
Thus, the probability that these four will contain at least two more high-risk drivers than low-risk drivers is 0.0488.
Answer:
The 99% confidence interval would be given by (0.286;0.562)
Step-by-step explanation:
Information given:
represent the families owned at least one DVD player
represent the total number of families
represent the estimated proportion of families owned at least one DVD player
In order to find the critical value we need to take in count that we are finding the interval for a proportion, so on this case we need to use the z distribution. Since our interval is at 99% of confidence, our significance level would be given by and
. And the critical value would be given by:
The confidence interval for the mean is given by the following formula:
If we replace the values obtained we got:
The 99% confidence interval would be given by (0.286;0.562)