Answer: There are 24 more payments made.
Step-by-step explanation:
In a 5 year loan there is 60 months
In a 3 year loan there is 36 months.
The answer is < because 431,511 is more than 413,115
Answer:
a) The probability that the airline will lose no bags next monday is 0.1108
b) The probability that the airline will lose 0,1, or 2 bags next Monday is 0.6227
c) I would recommend taking a Poisson model with mean 4.4 instead of a Poisson model with mean 2.2
Step-by-step explanation:
The probability mass function of X, for which we denote the amount of bags lost next monday is given by this formula
a)
The probability that the airline will lose no bags next monday is 0.1108.
b) Note that . And
Therefore, the probability that the airline will lose 0,1, or 2 bags next Monday is 0.6227.
c) If the double of flights are taken, then you at least should expect to loose a similar proportion in bags, because you will have more chances for a bag to be lost. WIth this in mind, we can correctly think that the average amount of bags that will be lost each day will double. Thus, i would double the mean of the Poisson model, in other words, i would take a Poisson model with mean 4.4, instead of 2.2.
Answer:
y=90x+2,000
Step-by-step explanation:
90 is the rate of change because the hot air balloon descends 90 feet per minute.
And 2,000 is the starting point because the hot air balloon started the descent at 2,000 feet.