if 2000 is placed placed into a bank account that pays 3% compound interest per year how much will be in the account after 2 yea
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Answer:
0.818
Step-by-step explanation:
Since the shipment has a ton of aspirin tablets, we can assume that we pick 13 of them <em>with</em> <em>reposition, </em>because the probability shoudn't change dramatically from the probability of picking without reposition if we do so.
We call D the amount of defective tablets. If we assume that we pick the tablets with reposition, then we obtain that D is a random variable of Binomial distribution with parameters 13 and 0.6 (the probability of picking a defective tablet).
We want D to be at most one. To calculate the probability of that event we add up the probability of D being equal to 0 and the probability of D being equal to one. Since D is binomial, we have
We conclude that
Hence, the shipment will be accepted with probability 0.818
<em>I hope this helps you!</em>