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OLEGan [10]
3 years ago
13

Elliott purchased shares of Microsoft in 2008 for $28 per share. He plans to sell them as soon as the price rises 20%. At what p

rice will he sell his shares?
Mathematics
1 answer:
mel-nik [20]3 years ago
7 0

Since we are to find the price when it is risen 20%, therefore the fractional increase must be 0.20 of the original, therefore:

amount increased = $28 * 0.20 = $5.60

 

So the selling price must be:

<span>selling price = $28 + $5.60 = $33.60</span>

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In a recent survey, 60% of the community favored building a health center in their neighborhood. If 14 citizens are chosen, find
andreev551 [17]

Answer:

Probability that exactly 5 of them favor the building of the health center is 0.0408.

Step-by-step explanation:

We are given that in a recent survey, 60% of the community favored building a health center in their neighborhood.

Also, 14 citizens are chosen.

The above situation can be represented through Binomial distribution;

P(X=r) = \binom{n}{r}p^{r} (1-p)^{n-r} ; x = 0,1,2,3,.....

where, n = number of trials (samples) taken = 14 citizens

         r = number of success = exactly 5

        p = probability of success which in our question is % of the community

              favored building a health center in their neighborhood, i.e; 60%

<em>LET X = Number of citizens who favored building of the health center.</em>

So, it means X ~ Binom(n=14, p=0.60)

Now, Probability that exactly 5 of them favor the building of the health center is given by = P(X = 5)

        P(X = 5) = \binom{14}{5} \times 0.60^{5} \times (1-0.60)^{14-5}

                      = 2002 \times 0.60^{5} \times 0.40^{9}

                      = 0.0408

Therefore, Probability that exactly 5 of them favor the building of the health center is 0.0408.

4 0
3 years ago
What two numbers have an absolute value of 16
Harrizon [31]
Both the negative and positive counterparts of a number have the same absolute value, or distance from 0.

The two numbers are 16 and -16.
They both have the same absolute value, 16.


7 0
3 years ago
Read 2 more answers
Solve for y<br> y + 8 = 2
ExtremeBDS [4]
Y + 8 = 2
-8 =-8
Y=-6
4 0
3 years ago
7<br> a. 49<br> b. 98<br> c. 12<br> 14<br><br><br> I need the area!!
sp2606 [1]

Answer:

49

Step-by-step explanation:

The area of a triangle is

A = 1/2 bh

A = 1/2 (14)*7

A =49

3 0
2 years ago
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What is the solution of the inequality below? <br> y-1≥0
irinina [24]

Answer:

y≥1

Step-by-step explanation:

hello :

y-1≥0

y-1+1≥0+1

y≥1

3 0
3 years ago
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