Answer:
$8511.11
Step-by-step explanation:
Each year, the amount Walter owes is multiplied by 1.06, so at the end of 6 years, Walter owes 1.06^6 times the amount he borrowed.
he will pay $6,000×1.06^6 ≈ $8511.11
_____
At the end of the first year, Walter owes the original loan amount plus 6% interest. That total is ...
$6000 + 0.06×6000 = $6000×1.06
At the end of the following year, he owes 1.06 times that amount, or ...
6000×1.06²
The amount owed is multiplied by 1.06 each year until Walter pays off the loan.
Answer:
A)
B) Mean = 1.816
Step-by-step explanation:
We are given the following information:
We treat Stephen Curry making any given free throw as a success.
P(Stephen Curry makes any given free throw) = 0.908
Since the probability for the free throw is equal for each trial and free throws are independent.
Then the number of free shots follows a binomial distribution.
A) Probability distribution
where n is the total number of observations, x is the number of success, p is the probability of success.
Here n = 2, p = 0.908

Now x can take values 0, 1 , 2
Putting values, we get,

B) Mean of X

Thus, the mean number of free shots made by Stephen Curry is 1.816
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