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andre [41]
3 years ago
16

How can simple interest make saving money easier? a. Because it is simple, you have to do fewer calculations than if you saved m

oney without it b. Simple interest allows your money to earn money, so you have to save less. c. You are more motivated to reach goals that you are interested in, so you are less likely to abandon your savings plan. d. A bank with a simple interest savings plan will automatically transfer money from your paycheck to your savings account, letting you save without any extra effort.​
Mathematics
1 answer:
ollegr [7]3 years ago
7 0

Answer:

B

Step-by-step explanation:

Just took the test.

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Describe how you could find the product of 700 and 900
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7 * 9 = 63
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Brendan bought an iced tea that cost $4.06 plus 7% sales tax. If Brendan left an 18% tip on the $4.06, how much in total did he
ahrayia [7]

Answer:

Step-by-step explanation:

18% tip in $=18/100 * $4.06

$0.7308

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$0.2842

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6 0
2 years ago
Read 2 more answers
Data collected at Toronto Pearson International Airport suggests that an exponential distribution with mean value 2725hours is a
Ivan

Answer:

a) What is the probability that the duration of a particular rainfall event at this location is at least 2 hours?

We want this probability"

P(X >2) = 1-P(X\leq 2) = 1-(1- e^{-0.367 *2})=e^{-0.367 *2}= 0.48

At most 3 hours?

P(X \leq 3) = F(3) = 1-e^{-0.367*3}= 1-0.333 =0.667

b) What is the probability that rainfall duration exceeds the mean value by more than 2 standard deviations?

P(X > 2.725 + 2*5.540) = P(X>13.62) = 1-P(X

What is the probability that it is less than the mean value by more than one standard deviation?

P(X

Step-by-step explanation:

Previous concepts

The exponential distribution is "the probability distribution of the time between events in a Poisson process (a process in which events occur continuously and independently at a constant average rate). It is a particular case of the gamma distribution". The probability density function is given by:

P(X=x)=\lambda e^{-\lambda x}

The cumulative distribution for this function is given by:

F(X) = 1- e^{-\lambda x}, x\ geq 0

We know the value for the mean on this case we have that :

mean = \frac{1}{\lambda}

\lambda = \frac{1}{Mean}= \frac{1}{2.725}=0.367

Solution to the problem

Part a

What is the probability that the duration of a particular rainfall event at this location is at least 2 hours?

We want this probability"

P(X >2) = 1-P(X\leq 2) = 1-(1- e^{-0.367 *2})=e^{-0.367 *2}= 0.48

At most 3 hours?

P(X \leq 3) = F(3) = 1-e^{-0.367*3}= 1-0.333 =0.667

Part b

What is the probability that rainfall duration exceeds the mean value by more than 2 standard deviations?

The variance for the esponential distribution is given by: Var(X) =\frac{1}{\lambda^2}

And the deviation would be:

Sd(X) = \frac{1}{\lambda}= \frac{1}{0.367}= 2.725

And the mean is given by Mean = 2.725

Two deviations correspond to 5.540, so we want this probability:

P(X > 2.725 + 2*5.540) = P(X>13.62) = 1-P(X

What is the probability that it is less than the mean value by more than one standard deviation?

For this case we want this probablity:

P(X

8 0
3 years ago
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