Answer:
1
Step-by-step explanation:
Column A=X the first value for x is 1
Column B has the x value replaced in the equation 5x+8. 5(1) + 8
Column C has the result, y=13
In this sequence d=10. Therefore, a24=188.
Present value of annuity PV = P(1 - (1 + r/t)^-nt) / (r/t)
where: p is the monthly payment, r is the APR = 14.12% = 0.1412, t is the number of payments in one year = 12, n is the number of years = 2.
1,120.87 = P(1 - (1 + 0.1412/12)^(-2 x 12)) / (0.1412 / 12)
0.1412(1120.87) = 12P(1 - (1 + 0.1412/12)^-24)
P = 0.1412(1120.87) / 12(1 - (1 + 0.1412/12)^-24) = $53.88
Minimum monthly payment = 3.15% of 1120.87(1 + 0.1412/12) = 0.0315 x 1120.87(1 + 0.1412/12) = $35.72
Therefore, his first payment will be greater than the minimum payment by 53.88 - 35.72 = $18.16
Answer:
a) The probability that this whole shipment will be accepted is 30%.
b) Many of the shipments with this rate of defective aspirin tablets will be rejected.
Step-by-step explanation:
We have a shipment of 3000 aspirin tablets, with a 5% rate of defects.
We select a sample of size 48 and test for defectives.
If more than one aspirin is defective, the batch is rejected.
The amount of defective aspirin tablets X can be modeled as a binomial distribution random variable, with p=0.55 and n=48
We have to calculate the probabilities that X is equal or less than 1: P(X≤1).
