If you place $1,000.00 in a savings account with an interest rate of 5.25%/month, how much should you earn in interest at the en
2 answers:
Answer:
The interest earned at the end of the month is $52.50
Step-by-step explanation:
Given:
Principle = $1000
Rate of interest = 5.25% per month.
Now we have to find the interest earned end of the month.
We can use the following formula.
Interest = p*r*t where p is the principle, r is the rate and t is the time.
= 1000*0.0525 * 1
= $52.50
The interest earned at the end of the month is $52.50
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Answer:
There is a 0.73% probability that Ben receives a total of 2 phone calls in a week.
Step-by-step explanation:
In a Poisson distribution, the probability that X represents the number of successes of a random variable is given by the following formula:
In which
x is the number of sucesses
is the Euler number
is the mean in the given time interval.
The problem states that:
The number of phone calls that Actuary Ben receives each day has a Poisson distribution with mean 0.1 during each weekday and mean 0.2 each day during the weekend.
To find the mean during the time interval, we have to find the weighed mean of calls he receives per day.
There are 5 weekdays, with a mean of 0.1 calls per day.
The weekend is 2 days long, with a mean of 0.2 calls per day.
So:
If today is Monday, what is the probability that Ben receives a total of 2 phone calls in a week?
This is . So:
There is a 0.73% probability that Ben receives a total of 2 phone calls in a week.
Answer:
Step-by-step explanation:
(i) x+2y=4
(ii) x=4-2y
(iii) 2x-2y=5
substituting (ii) in (iii)
2x-2y=5
2(4-2y)-2y=5
8-4y-2y=5
-6y=5-8
-6y=-3
(iv) y=
substituting (iv) in (ii)
x=4-2y
x=4-2×
x=4-1
x=3
∴ B.(3,)
HOPE IT HELPS YOU!!!!
