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ludmilkaskok [199]
4 years ago
6

An investment grows by 3% per year for 20 years. By what percent does it increase over the 20 year period?

Mathematics
1 answer:
Y_Kistochka [10]4 years ago
7 0
3%?? The question doesn't make much sense.
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We learned in that about 69.7% of 18-20 year olds consumed alcoholic beverages in 2008. We now consider a random sample of fifty
maw [93]

Answer:

(1) The expected number of people who would have consumed alcoholic beverages is 34.9.

(2) The standard deviation of people who would have consumed alcoholic beverages is 10.56.

(3) It is surprising that there were 45 or more people who have consumed alcoholic beverages.

Step-by-step explanation:

Let <em>X</em> = number of adults between 18 to 20 years consumed alcoholic beverages in 2008.

The probability of the random variable <em>X</em> is, <em>p</em> = 0.697.

A random sample of <em>n</em> = 50 adults in the age group 18 - 20 years is selected.

An adult, in the age group 18 - 20 years, consuming alcohol is independent of the others.

The random variable <em>X</em> follows a Binomial distribution with parameters <em>n</em> = 50 and <em>p</em> = 0.697.

The probability mass function of a Binomial random variable <em>X</em> is:

P(X=x)={50\choose x}0.697^{x}(1-0.697)^{50-x};\ x=0,1,2,3...

(1)

Compute the expected value of <em>X</em> as follows:

E(X)=np\\=50\times 0.697\\=34.85\\\approx34.9

Thus, the expected number of people who would have consumed alcoholic beverages is 34.9.

(2)

Compute the standard deviation of <em>X</em> as follows:

SD(X)=\sqrt{np(1-p)}=\sqrt{50\times 0.697\times (1-0.697)}=10.55955\approx10.56

Thus, the standard deviation of people who would have consumed alcoholic beverages is 10.56.

(3)

Compute the probability of <em>X</em> ≥ 45 as follows:

P (<em>X</em> ≥ 45) = P (X = 45) + P (X = 46) + ... + P (X = 50)

                =\sum\limits^{50}_{x=45} {50\choose x}0.697^{x}(1-0.697)^{50-x}\\=0.0005+0.0001+0.00002+0.000003+0+0\\=0.000623\\\approx0.0006

The probability that 45 or more have consumed alcoholic beverages is 0.0006.

An unusual or surprising event is an event that has a very low probability of success, i.e. <em>p</em> < 0.05.

The probability of 45 or more have consumed alcoholic beverages is 0.0006. This probability value is very small.

Thus, it is surprising that there were 45 or more people who have consumed alcoholic beverages.

6 0
3 years ago
Ana's class earns points for helping others. The graph shows the number of points the class earned each day for a week.How many
algol [13]

Answer:Gimme a sec

Step-by-step explanation:

3 0
3 years ago
The students in Hunter's grade voted to select a guest speaker. 60 students voted for a famous athlete. If there are 75 students
mojhsa [17]

Answer:

80%

Step-by-step explanation:

60/75 = 4/5 = 80%

4 0
3 years ago
Raymond has a set of 57 toy cars and decides to sell 19 of them to Joey. About how many toy cars does Raymond have left
Dovator [93]

Answer:

raymond has about 38 cars left

Step-by-step explanation:

Because raymond started off with 57 cars and he got rid of( take away) 19 you must use subtraction. 57 - 19 =38

4 0
3 years ago
What number makes the equation true? Enter the answer in the box,<br> 9-184
Marizza181 [45]

Answer:

9=18 divided by 2

Step-by-step explanation:

6 0
3 years ago
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