In a group of 40 people, 35% have never been abroad. Two people are selected at random without replacement and are asked about t
1 answer:
Answer:
Step-by-step explanation:
Given that in a group of 40 people, 35% have never been abroad. Two people are selected at random without replacement and are asked about their past travel experience.
Since the two are drawn without replacement the first trial affects the second trial. In other words, each trial is not independent of the other.
a) Hence this cannot be binomial experiment. The reason is p=probability for each trial is not constant as first draw affect the probability for Ii draw
b) The probability that in a random sample of 2, no one has been abroad
=Prob of selecting both people from the group where no one has been abroad
We have in the group 35% i.e. 14 people never been to abroad
So required probability = Prob of selecting both from 14 people
=
You might be interested in
Answer:
Please check the explanation.
Step-by-step explanation:
a) How much will you have at the middle of the first year?
Principle P = $300
Annual rate r = 6% = 0.06 per year
Compound n = Semi-Annually = 2
Time (t in years) = 0.5 years
Total amount = A = ?
Using the formula
substituting the values
$
Therefore, the total amount accrued, principal plus interest, from compound interest on an original principal of $ 300.00 at a rate of 6% per year compounded 2 times per year over 0.5 years is $ 309.00.
Part b) How much at the end of one year?
Principle P = $300
Annual rate r = 6% = 0.06 per year
Compound n = Semi-Annually = 2
Time (t in years) = 1 years
Total amount = A = ?
Using the formula
so substituting the values
$
Therefore, the total amount accrued, principal plus interest, from compound interest on an original principal of $ 300.00 at a rate of 6% per year compounded 2 times per year over 1 year is $ 318.27.
