1.08t can be written as (1.081/12)12t to give the approximate equivalent monthly interest rate based on an annual rate of 8%. Us
2 answers:
<span>Because <span>t <span>is given in years and 1.08 <span>= <span>1 <span>+ <span>0.08, the annual percent increase
<span>is 8%.
To find the monthly percent increase that gives an 8% annual increase,
<span>use the fact that
t =
<span><span><span><span>
<span><span><span><span>and the properties of exponents to rewrite the
model in a form that reveals the monthly growth rate.</span></span></span>
</span></span></span></span></span></span></span></span></span></span></span></span></span></span>
<span>is 8%.
To find the monthly percent increase that gives an 8% annual increase,
<span>use the fact that
t =
<span><span><span><span>and the properties of exponents to rewrite the
model in a form that reveals the monthly growth rate.</span></span></span>
</span></span></span></span></span></span></span></span></span></span></span></span></span></span>
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Answer:
(-1,6)
Step-by-step explanation:
Answer:
a) The mean number of cases is 0.14608 cases.
b) The probability that the number of cases is exactly 0 or 1 is 0.990.
c) The probability of more than one case is 0.010
d) No, because the probability of more than one case is very small
Step-by-step explanation:
We can model this problem with a Poisson distribution, with parameter:
a) The mean amount of cases is equal to the parameter λ=0.14608.
b) The probability of having 0 or 1 cases is:
c) The probability of more than one case is:
d) The cluster of 4 cases can not be due to pure chance, as it is a very high proportion of cases according to the average rate. Just having more than one case has a probability of 1%.