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Sauron [17]
3 years ago
6

How much would $600 invested at 8% interest compounded annually be worth after 3 years? Round your answer to the nearest cent.

Mathematics
1 answer:
schepotkina [342]3 years ago
5 0

Answer:

Step-by-step explanation:

A = P (1 + i)³

A = final amount

P = principal

i = interest

3 = 3 years

A = $600 (1 + 0.08)³

A = $600 (1.26)

A = $756

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The television show CSI: Shoboygan has been successful for many years. That show recently had a share of 18, meaning that among
jeyben [28]

Answer:

(a) The value of P (None) is 0.062.

(b) The value of P(at least one) is 0.938.

(c) The value of P(at most one) is 0.253.

(d) The event is not unusual.

Step-by-step explanation:

Let <em>X</em> = number of households watching the show.

The probability of the random variable <em>x</em> is, P (X) = <em>p</em> = 0.18.

The sample selected for the survey is of size, <em>n</em> = 14

The random variable <em>X</em> follows a Binomial distribution with parameter <em>n</em> = 14 and <em>p</em> = 0.18.

The probability of a Binomial distribution is computed using the formula:

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

(a)

Compute the probability that none of the households are tuned to CSI: Shoboygan as follows:

P(X=0)={14\choose 0}(0.18)^{0}(1-0.18)^{14-0}=1\times1\times0.06214=0.062

Thus, the value of P (None) is 0.062.

(b)

Compute the probability that at least one household is tuned to CSI: Shoboygan as follows:

P (X ≥ 1) = 1 - P (X < 1)

             = 1 - P (X = 0)

             =1-0.062\\=0.938

Thus, the value of P(at least one) is 0.938.

(c)

Compute the probability that at most one household is tuned to CSI: Shoboygan as follows:

P (X ≤ 1) = P (X = 0) + P (X = 1)

             ={14\choose 0}(0.18)^{0}(1-0.18)^{14-0}+{14\choose 1}(0.18)^{1}(1-0.18)^{14-1}\\=0.062+0.191\\=0.253

Thus, the value of P(at most one) is 0.253.

(d)

An event that has a very low probability of occurrence is known as an unusual event.

The probability of the event "at most one household is tuned to CSI: Shoboygan" is 0.253.

This probability value is not low.

Hence, the event is not unusual.

5 0
3 years ago
List th<br> Find all<br> the<br> factors<br> of 16
dem82 [27]

Answer:

1, 2, 4, 8, 16.

Step-by-step explanation:

Have a good day hope this helps can get a brainiest? Stay Safe!  

5 0
3 years ago
In which data set is the mean equal to the median?
sdas [7]

Answer:

The number in the middle

5 0
2 years ago
The ages of three siblings are consecutive integers. The sum of their ages is 42. Calculate their ages. *
stealth61 [152]

Answer:

13, 14, 15

Step-by-step explanation:

Let x = age of one of the siblings

Since the age of the siblings are consecutive integers, the age of the next sibling would be x + 1 and the age of the third sibling would be x + 2

x +( x +1) + (x +2) = 42

3x + 3 = 42

collect like terms and solve for x

x = 13

The age of the first sibling is 13

The age of the second sibling is x + 1 = 13 + 1 = 14

The age of the third sibling is x + 2 = 13 + 2 = 15

8 0
2 years ago
Write an equation of the line passing through the point A(8, 2) that is perpendicular to the line y = 4x−7.
Kay [80]

Answer:

y = - 1/4 + 4

Step-by-step explanation:

y = 4x - 7

Slope = 4

Slope of the perpendicular line = -1/4

Point (8,2)

(b) y-intercept: 2 - (-1/4)(8)

= 2 + 2 = 4

4 0
3 years ago
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