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nasty-shy [4]
3 years ago
9

Sierra is looking to rent her first apartment. She found a nice apartment in her budget with a monthly rent of X dollars. At lea

se signing, Sierra had to pay first and last month’s rent, a security deposit of one and a half times the monthly rent, and an application fee of $65. If Sierra paid $2,305 at lease signing, how much was the security deposit?
A
$840
B
$960
C
$1,020
D
$1,280
Mathematics
1 answer:
OlgaM077 [116]3 years ago
4 0
The value of x from the derived equation is $640. Since, the security deposit is equal to 1.5x, it is equal to $960, comment for any questions
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In the following problem, check that it is appropriate to use the normal approximation to the binomial. Then use the normal dist
Marrrta [24]

Answer:

a) Bi [P ( X >=15 ) ] ≈ 0.9944

b) Bi [P ( X >=30 ) ] ≈ 0.3182

c)  Bi [P ( 25=< X =< 35 ) ] ≈ 0.6623

d) Bi [P ( X >40 ) ] ≈ 0.0046  

Step-by-step explanation:

Given:

- Total sample size n = 745

- The probability of success p = 0.037

- The probability of failure q = 0.963

Find:

a. 15 or more will live beyond their 90th birthday

b. 30 or more will live beyond their 90th birthday

c. between 25 and 35 will live beyond their 90th birthday

d. more than 40 will live beyond their 90th birthday

Solution:

- The condition for normal approximation to binomial distribution:                                                

                    n*p = 745*0.037 = 27.565 > 5

                    n*q = 745*0.963 = 717.435 > 5

                    Normal Approximation is valid.

a) P ( X >= 15 ) ?

 - Apply continuity correction for normal approximation:

                Bi [P ( X >=15 ) ] = N [ P ( X >= 14.5 ) ]

 - Then the parameters u mean and σ standard deviation for normal distribution are:

                u = n*p = 27.565

                σ = sqrt ( n*p*q ) = sqrt ( 745*0.037*0.963 ) = 5.1522

- The random variable has approximated normal distribution as follows:

                X~N ( 27.565 , 5.1522^2 )

- Now compute the Z - value for the corrected limit:

                N [ P ( X >= 14.5 ) ] = P ( Z >= (14.5 - 27.565) / 5.1522 )

                N [ P ( X >= 14.5 ) ] = P ( Z >= -2.5358 )

- Now use the Z-score table to evaluate the probability:

                P ( Z >= -2.5358 ) = 0.9944

                N [ P ( X >= 14.5 ) ] = P ( Z >= -2.5358 ) = 0.9944

Hence,

                Bi [P ( X >=15 ) ] ≈ 0.9944

b) P ( X >= 30 ) ?

 - Apply continuity correction for normal approximation:

                Bi [P ( X >=30 ) ] = N [ P ( X >= 29.5 ) ]

- Now compute the Z - value for the corrected limit:

                N [ P ( X >= 29.5 ) ] = P ( Z >= (29.5 - 27.565) / 5.1522 )

                N [ P ( X >= 29.5 ) ] = P ( Z >= 0.37556 )

- Now use the Z-score table to evaluate the probability:

                P ( Z >= 0.37556 ) = 0.3182

                N [ P ( X >= 29.5 ) ] = P ( Z >= 0.37556 ) = 0.3182

Hence,

                Bi [P ( X >=30 ) ] ≈ 0.3182  

c) P ( 25=< X =< 35 ) ?

 - Apply continuity correction for normal approximation:

                Bi [P ( 25=< X =< 35 ) ] = N [ P ( 24.5=< X =< 35.5 ) ]

- Now compute the Z - value for the corrected limit:

                N [ P ( 24.5=< X =< 35.5 ) ]= P ( (24.5 - 27.565) / 5.1522 =<Z =< (35.5 - 27.565) / 5.1522 )

                N [ P ( 24.5=< X =< 25.5 ) ] = P ( -0.59489 =<Z =< 1.54011 )

- Now use the Z-score table to evaluate the probability:

                P ( -0.59489 =<Z =< 1.54011 ) = 0.6623

               N [ P ( 24.5=< X =< 35.5 ) ]= P ( -0.59489 =<Z =< 1.54011 ) = 0.6623

Hence,

                Bi [P ( 25=< X =< 35 ) ] ≈ 0.6623

d) P ( X > 40 ) ?

 - Apply continuity correction for normal approximation:

                Bi [P ( X >40 ) ] = N [ P ( X > 41 ) ]

- Now compute the Z - value for the corrected limit:

                N [ P ( X > 41 ) ] = P ( Z > (41 - 27.565) / 5.1522 )

                N [ P ( X > 41 ) ] = P ( Z > 2.60762 )

- Now use the Z-score table to evaluate the probability:

               P ( Z > 2.60762 ) = 0.0046

               N [ P ( X > 41 ) ] =  P ( Z > 2.60762 ) = 0.0046

Hence,

                Bi [P ( X >40 ) ] ≈ 0.0046  

4 0
3 years ago
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