There are two possible outcomes of this experiment either success p or failure q. It has a given number of trials and all trials are independent therefore it is<u><em> binomial probability distribution.</em></u>
1- 5 ways
2- 5/16
3- 1/16
4- 1/16
In the question given above n= 5 p =1/2 q= 1/2 r is the given point.
- <u>Part 1:</u>
The number of ways in which different people get off the bus can be calculated using combinations since the order is not essential. Therefore
nCr= 5C4= 5 ways
<u>2. Part 2:</u>
The probability that all four people get off the bus on the first stop is given by :
P (x= 1)= 5C1 (1/2)^0(1/2)^4= 5(1/2)^4= 5/16
<u>3. Part 3:-</u> The probability that all four people get off the bus on the same stop.
P (x= x)= 5C5 (1/2)^0(1/2)^4= 1(1/2)^4= 1/16
<u>4. Part 4-</u> The probability that <u><em>exactly three of the four</em></u> people get off the bus on the same stop.
P (x= x)= 5C5 (1/2)^3(1/2)^1= 1(1/2)^4= 1/16
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Answer:
Let's say that I have $1000.00 to invest for 3 years at rate of 6% compound interest.
M = 1000 (1 + 0.06)^3 = $1191.16.
My $1000.00, after 3 years, is worth $1191.16.
Answer:
B. 3.45
Step-by-step explanation:
The radius is half the diameter
Answer:
0.222
Step-by-step explanation:
Complete Question
If $12000 is invested in an account in which the interest earned is continuously compounded at a rate of 2.5% for 3 years
Answer:
$ 12,934.61
Step-by-step explanation:
The formula for Compound Interest Compounded continuously is given as:
A = Pe^rt
A = Amount after t years
r = Interest rate = 2.5%
t = Time after t years = 3
P = Principal = Initial amount invested = $12,000
First, convert R percent to r a decimal
r = R/100
r = 2.5%/100
r = 0.025 per year,
Then, solve our equation for A
A = Pe^rt
A = 12,000 × e^(0.025 × 3)
A = $ 12,934.61
The total amount from compound interest on an original principal of $12,000.00 at a rate of 2.5% per year compounded continuously over 3 years is $ 12,934.61.
