Sketch a graph for the given situations. Tell whether each graph is discrete or continuous.
1 answer:
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The amount if $2950 is invested at an annual rate of 8.4% compounded quarterly is $3486
<h3>Compound interest</h3>
Compound interest is given by:
where t is the period, r is the rate, P is the initial amount, A is the final amount and n is the times compounded.
Given P = 2950, r = 0.084, n = 4, t = 2, hence:
The amount if $2950 is invested at an annual rate of 8.4% compounded quarterly is $3486
Find out more on Compound interest at: brainly.com/question/24924853
Answer:
The probability that it was raining on Monday given that Shameel misses his flight is 0.5846.
Step-by-step explanation:
The Bayes' theorem states that the conditional probability of an event <em>E</em>, of the sample space <em>S</em> = {<em>E</em>₁, <em>E</em>₂, <em>E</em>₃,...<em>E</em>ₙ}, given that another event <em>A</em> has already occurred is given by the formula:
Denote the events as follows:
<em>X</em> = it will rain on Monday
<em>Y</em> = Shameel misses his flight.
The information provided is:
Compute the probability that it will not rain on Monday as follows:
Compute the probability that it was raining on Monday given that Shameel misses his flight as follows:
Use the Bayes' theorem:
Thus, the probability that it was raining on Monday given that Shameel misses his flight is 0.5846.