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skelet666 [1.2K]
3 years ago
10

Suppose that you won the top prize from a game show and are given two options. The first option is a cash gift of $10,000 and $1

,000 per day for the next 7 days. The second option is a cash gift of 1 cent (or $0.01) that grows tenfold each day for 7 days. Which option would you choose?
Mathematics
1 answer:
Ivenika [448]3 years ago
7 0

Answer: The second option.

Step-by-step explanation:

By the end of the 7 days you will have collected $100,000 but if you choose the first option you'd only end up with $17,000.

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Fernando has gathered details about his finances to create a financial assets and liabilities record. Which represents one of hi
Bingel [31]
<span>
C.
His college savings account has a balance of $13,700.</span>
4 0
3 years ago
3. To convert 5 to a fraction, what would the denominator be?
GalinKa [24]

Answer:

the denominator would be 1

Step-by-step explanation:

because 5 and 5/1 are equivalent

6 0
3 years ago
Read 2 more answers
The taxi and takeoff time for commercial jets is a random variable x with a mean of 8.9 minutes and a standard deviation of 2.9
Eva8 [605]

Answer:

a) 0.2981 = 29.81% probability that for 37 jets on a given runway, total taxi and takeoff time will be less than 320 minutes.

b) 0.999 = 99.9% probability that for 37 jets on a given runway, total taxi and takeoff time will be more than 275 minutes

c) 0.2971 = 29.71% probability that for 37 jets on a given runway, total taxi and takeoff time will be between 275 and 320 minutes

Step-by-step explanation:

To solve this question, we need to understand the normal probability distribution and the central limit theorem.

Normal Probability Distribution:

Problems of normal distributions can be solved using the z-score formula.

In a set with mean \mu and standard deviation \sigma, the z-score of a measure X is given by:

Z = \frac{X - \mu}{\sigma}

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the p-value, we get the probability that the value of the measure is greater than X.

Central Limit Theorem

The Central Limit Theorem establishes that, for a normally distributed random variable X, with mean \mu and standard deviation \sigma, the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean \mu and standard deviation s = \frac{\sigma}{\sqrt{n}}.

For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.

Mean of 8.9 minutes and a standard deviation of 2.9 minutes.

This means that \mu = 8.9, \sigma = 2.9

Sample of 37:

This means that n = 37, s = \frac{2.9}{\sqrt{37}}

(a) What is the probability that for 37 jets on a given runway, total taxi and takeoff time will be less than 320 minutes?

320/37 = 8.64865

Sample mean below 8.64865, which is the p-value of Z when X = 8.64865. So

Z = \frac{X - \mu}{\sigma}

By the Central Limit Theorem

Z = \frac{X - \mu}{s}

Z = \frac{8.64865 - 8.9}{\frac{2.9}{\sqrt{37}}}

Z = -0.53

Z = -0.53 has a p-value of 0.2981

0.2981 = 29.81% probability that for 37 jets on a given runway, total taxi and takeoff time will be less than 320 minutes.

(b) What is the probability that for 37 jets on a given runway, total taxi and takeoff time will be more than 275 minutes?

275/37 = 7.4324

Sample mean above 7.4324, which is 1 subtracted by the p-value of Z when X = 7.4324. So

Z = \frac{X - \mu}{s}

Z = \frac{7.4324 - 8.9}{\frac{2.9}{\sqrt{37}}}

Z = -3.08

Z = -3.08 has a p-value of 0.001

1 - 0.001 = 0.999

0.999 = 99.9% probability that for 37 jets on a given runway, total taxi and takeoff time will be more than 275 minutes.

(c) What is the probability that for 37 jets on a given runway, total taxi and takeoff time will be between 275 and 320 minutes?

Sample mean between 7.4324 minutes and 8.64865 minutes, which is the p-value of Z when X = 8.64865 subtracted by the p-value of Z when X = 7.4324. So

0.2981 - 0.0010 = 0.2971

0.2971 = 29.71% probability that for 37 jets on a given runway, total taxi and takeoff time will be between 275 and 320 minutes

7 0
2 years ago
Is 2/8 greater or less than 1/4
Alex17521 [72]
Its neither 2/8 is 1/4 simplified, therefore 2/8 is = 1/4 

Hope this helped!
4 0
3 years ago
Read 2 more answers
Corey bought 2 1/2 liters of paint for $60. What was the cost per liter of paint
goldfiish [28.3K]

Hello there!

Answer:

$24

Step-by-step explanation:

In order to find the answer to your problem, we're going to need to find out how much ONE liter of paint costs.

Lets gather the information of what we know:

2 1/2 liters of paint

↑ Cost $60.

With the information we know, we can solve to find the answer.

In order to get the answer, we would need to divide 60 by 2 1/2 (or 2.5). We would need to do this because when we divide it, it would allow us to get the cost for 1 liter.

Lets solve:

60 \div 2.5=24

When you divide, you should get the answer of 24.

This means that one liter of paint cost $24.

$24 should be your FINAL answer.

6 0
3 years ago
Read 2 more answers
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