Answer:
Step-by-step explanation:
Answer:
punctuation is the Wright answer
Uneven cash flows refer to any series of cash flows that are irregular doesn't conform to the annuity.
Your question is incomplete. Therefore, I'll explain what an uneven cash flow entails.<em> Uneven cash flows</em> are irregular and uneven. Example include cash flows such as $100, $150, $100, $200, $300, and $130. This shows that the cash flows are irregular.
In order to calculate the <em>uneven cash flow,</em> the present value and the future value will be calculated by finding the present value and the<em> future value </em>of each <em>individual cash flow</em> and then adding them up.
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Answer:
Probability of fewer than 4 = 0.0339
Explanation:
This is a question on binomial distribution. It is a distribution which has two possible outcome; a success or a failure
Probability of success (p) = 49%
Probability of failure (q) = 1 - 49% = 1-0.49
Probability of failure (q) = 0.51 = 51%
n = 14
P(X = x) = (n!)/[(n-x)!x!] × p^x × q^(n-x)
Probability of fewer than 4 = Pr(X <4)
Pr(X <4) = Pr(X = 0) + Pr(X = 1) +Pr(X = 2) +Pr(X = 3)
Find attached the workings
From the workings, Pr(X <4) = 0.0339295
Probability of fewer than 4 = 0.0339 (approximately)