Answer:
Dan will have $1,531.53 after 5 years.
Step-by-step explanation:
To find the answer, you can use the following formula to calculate the future value:
F= P(1 + r)^t
F= Future value
P= Present value= 1200
r= rate of interest= 5%
t= time= 5
F=1200(1+0.05)^5
A=1200(1.05)^5
A=1531.53
According to this, the answer is that Dan will have $1,531.53 after 5 years.
Answer: option 1 is the correct answer
Step-by-step explanation:
Number of times for which the die was rolled is 360. It means that our sample size, n is 360.
The probability of rolling a 5 or a 6 is 1/3. It means that probability of success,p = 1/3. The probability of failure,q is
1 - probability of success. It becomes
1 - 1/3 = 2/3
The formula for standard deviation is expressed as
√npq. Therefore
Standard deviation = √360 × 1/3 × 2/3
= √80 = 8.9443
Standard deviation is approximately 8.9
You basiclly divide 6 and 1.2 and get your answer.
I would minus 2 from both sides of the equation so that it becomes: