The proportion of times a particular event A occurs is known as the probability of event A because the probability is the measure of uncertainty and by definition probability is calculated as

P(x)=X/n

where

P(x) is the probability of occurring of random variable X

X=number of favorable outcomes

and

n= total number of outcomes.

Thus, the proportion of times a particular event A occurs is known as the probability of event A.

6 0

3 years ago

Melissa Costouras obtains a $3,000 loan for darkroom equipment. She makes six monthly payments of $511.18. Determine the APR.

nasty-shy [4]

Using the simple interest formula, it is found that the APR for the loan is of 4.472%.

<h3>What is the simple interest formula and when it is used?</h3>

Simple interest is used when there is a single compounding per time period.

The amount of money after t years in is modeled by:

$A(t) = A(0)(1 + rt)$

In which:

A(0) is the initial amount.

r is the interest rate, as a decimal.

The parameters for this problem are:

A(t) = 6 x 511.18 = 3067.08, A(0) = 3000, t = 0.5.

We solve the equation for r to find the APR.

$A(t) = A(0)(1 + rt)$

$3067.08 = 3000(1 + 0.5r)$

$1 + 0.5r = \frac{3067.08}{3000}$

1 + 0.5r = 1.02236

r = (1.02236 - 1)/0.5

r = 0.04472.

More can be learned about simple interest at brainly.com/question/25296782

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5 0

1 year ago

39-(15z+48)/27=35 what is z

Hatshy [7]

39-(15z+48)/27=35 39-35=(15z+48)/27 4=(15z+48)/27 108=15z+48 108-48=15z 60=15z z=60/15 z=4

7 0

3 years ago

A teacher finishes explaining a new concept to the class and wants to check that all the students have grasped the concept. The

faust18 [17]

Answer:

response bias

Step-by-step explanation:

because whan you are asked a question you expect response in return

3 0

3 years ago