3/7 x 2/3 A) 9/14 B) 1 5/9 C) 2/7 D) 3/21
2 answers:
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Answer:
The probability that exactly one of these mortgages is delinquent is 0.357.
Step-by-step explanation:
We are given that according to the Mortgage Bankers Association, 8% of U.S. mortgages were delinquent in 2011. A delinquent mortgage is one that has missed at least one payment but has not yet gone to foreclosure.
A random sample of eight mortgages was selected.
The above situation can be represented through Binomial distribution;
where, n = number of trials (samples) taken = 8 mortgages
r = number of success = exactly one
p = probability of success which in our question is % of U.S.
mortgages those were delinquent in 2011, i.e; 8%
<em>LET X = Number of U.S. mortgages those were delinquent in 2011</em>
So, it means X ~
Now, Probability that exactly one of these mortgages is delinquent is given by = P(X = 1)
P(X = 1) =
=
= 0.357
<u><em>Hence, the probability that exactly one of these mortgages is delinquent is 0.357.</em></u>
Answer:
1. Objective function is a maximum at (16,0), Z = 4x+4y = 4(16) + 4(0) = 64
2. Objective function is at a maximum at (5,3), Z=3x+2y=3(5)+2(3)=21
Step-by-step explanation:
1. Maximize: P = 4x +4y
Subject to: 2x + y ≤ 20
x + 2y ≤ 16
x, y ≥ 0
Plot the constraints and the objective function Z, or P=4x+4y)
Push the objective function to the limit permitted by the feasible region to find the maximum.
Answer: Objective function is a maximum at (16,0),
Z = 4x+4y = 4(16) + 4(0) = 64
2. Maximize P = 3x + 2y
Subject to x + y ≤ 8
2x + y ≤ 13
x ≥ 0, y ≥ 0
Plot the constraints and the objective function Z, or P=3x+2y.
Push the objective function to the limit in the increase + direction permitted by the feasible region to find the maximum intersection.
Answer: Objective function is at a maximum at (5,3),
Z = 3x+2y = 3(5)+2(3) = 21
