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alexira [117]
3 years ago
5

Sam opens a money-market account that pays 4% simple interest. He started with 7,000 and made no further deposits. He closed the

account and he had earned 1,400. How long did he have the account
Mathematics
1 answer:
marissa [1.9K]3 years ago
8 0
I = PRT

1,400 = 7,000 (.04) (T)

1,400 = 280T

1,400/280 = 280T/280
T = 5

Answer: He had the account 5 years
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Answer:

a) 0.164 = 16.4% probability that a disk has exactly one missing pulse

b) 0.017 = 1.7% probability that a disk has at least two missing pulses

c) 0.671 = 67.1% probability that neither contains a missing pulse

Step-by-step explanation:

To solve this question, we need to understand the Poisson distribution and the binomial distribution(for item c).

Poisson distribution:

In a Poisson distribution, the probability that X represents the number of successes of a random variable is given by the following formula:

P(X = x) = \frac{e^{-\mu}*\mu^{x}}{(x)!}


In which

x is the number of sucesses


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Binomial distribution:

The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.

P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}

In which C_{n,x} is the number of different combinations of x objects from a set of n elements, given by the following formula.

C_{n,x} = \frac{n!}{x!(n-x)!}

And p is the probability of X happening.

Poisson mean:

\mu = 0.2

a. What is the probability that a disk has exactly one missing pulse?

One disk, so Poisson.

This is P(X = 1).

P(X = 1) = \frac{e^{-0.2}*0.2^{1}}{(1)!} = 0.164


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b. What is the probability that a disk has at least two missing pulses?

P(X \geq 2) = 1 - P(X < 2)

In which

P(X < 2) = P(X = 0) + P(X = 1)

In which

P(X = x) = \frac{e^{-\mu}*\mu^{x}}{(x)!}&#10;

P(X = 0) = \frac{e^{-0.2}*0.2^{0}}{(0)!} = 0.819

P(X = 1) = \frac{e^{-0.2}*0.2^{1}}{(1)!} = 0.164&#10;

P(X < 2) = P(X = 0) + P(X = 1) = 0.819 + 0.164 = 0.983

P(X \geq 2) = 1 - P(X < 2) = 1 - 0.983 = 0.017

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Two disks, so binomial with n = 2.

A disk has a 0.819 probability of containing no missing pulse, and a 1 - 0.819 = 0.181 probability of containing a missing pulse, so p = 0.181

We want to find P(X = 0).

P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}

P(X = 0) = C_{2,0}.(0.181)^{0}.(0.819)^{2} = 0.671

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