Find the balance in the account after the given period. $4000 principal earning 4% compounded annually, 5 years
1 answer:
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Answer:
Answer:
0.3844 = 38.44% probability that two independently surveyed voters would both be Democrats
Step-by-step explanation:
For each voter, there are only two possible outcomes. Either the voter is a Democrat, or he is not. The probability of the voter being a Democrat is independent of other voters. 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.
In which is the number of different combinations of x objects from a set of n elements, given by the following formula.
And p is the probability of X happening.
62% of the voters are Democrats
This means that
(a) What is the probability that two independently surveyed voters would both be Democrats?
This is P(X = 2) when n = 2. So
0.3844 = 38.44% probability that two independently surveyed voters would both be Democrats