What is seven square root two
2 answers:
You might be interested in
Answer:
0.3891 = 38.91% probability that only one is a second
Step-by-step explanation:
For each globet, there are only two possible outcoes. Either they have cosmetic flaws, or they do not. The probability of a goblet having a cosmetic flaw is independent of other globets. So we use the binomial probability distribution to solve this question.
Binomial probability distribution
The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.
In which is the number of different combinations of x objects from a set of n elements, given by the following formula.
And p is the probability of X happening.
17% of its goblets have cosmetic flaws and must be classified as "seconds."
This means that
Among seven randomly selected goblets, how likely is it that only one is a second
This is P(X = 1) when n = 7. So
0.3891 = 38.91% probability that only one is a second
The budget is $44000
Total spent so far is $10000 + $8500 = $18500
The amount left to spend = 44000 - 18500 = $25500
$25500 is the maximum 6% commission that Lastima Nelson Inc. can spend and stays within the budget
Let the maximum price of the home be
This value of will be the 100% before the 6% commission is calculated of it.
6% of is 25500
1% of is 25500 ÷ 6 = $4250
100% of is 4250 × 100 = $425,000
So, the maximum value of the home is $425,000
Total spent so far is $10000 + $8500 = $18500
The amount left to spend = 44000 - 18500 = $25500
$25500 is the maximum 6% commission that Lastima Nelson Inc. can spend and stays within the budget
Let the maximum price of the home be
This value of
6% of
1% of
100% of
So, the maximum value of the home is $425,000