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mina [271]
3 years ago
7

❗️❗️❗️❗️❗️PLEASE HELP SIMPLE INTEREST!! Lesson 6.7 ❗️❗️❗️❗️

Mathematics
1 answer:
Flura [38]3 years ago
4 0

1200 * 0.05 * 4 = 240$ the amount of interest after 4 years.

total 1200+240=1440$

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A certain company sends 40% of its overnight mail parcels by means of express mail service A1. Of these parcels, 4% arrive after
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Answer:

(a) The probability that a randomly selected parcel arrived late is 0.026.

(b) The probability that a parcel was late was being shipped through the overnight mail service A₁ is 0.615.

(c) The probability that a parcel was late was being shipped through the overnight mail service A₂ is 0.192.

(d) The probability that a parcel was late was being shipped through the overnight mail service A₃ is 0.192.

Step-by-step explanation:

Consider the tree diagram below.

(a)

The law of total probability sates that: P(A)=P(A|B)P(B)+P(A|B')P(B')

Use the law of total probability to determine the probability of a parcel being late.

P(L)=P(L|A_{1})P(A_{1})+P(L|A_{2})P(A_{2})+P(L|A_{3})P(A_{3})\\=(0.04\times0.40)+(0.01\times0.50)+(0.05\times0.10)\\=0.026

Thus, the probability that a randomly selected parcel arrived late is 0.026.

(b)

The conditional probability of an event A provided that another event B has already occurred is:

P(A|B)=\frac{P(B|A)P(A)}{P(B)}

Compute the probability that a parcel was late was being shipped through the overnight mail service A₁ as follows:

P(A_{1}|L)=\frac{P(L|A_{1})P(A_{1})}{P(L)} \\=\frac{0.04\times 0.40}{0.026} \\=0.615

Thus, the probability that a parcel was late was being shipped through the overnight mail service A₁ is 0.615.

(c)

Compute the probability that a parcel was late was being shipped through the overnight mail service A₂ as follows:

P(A_{2}|L)=\frac{P(L|A_{2})P(A_{2})}{P(L)} \\=\frac{0.01\times 0.50}{0.026} \\=0.192

Thus, the probability that a parcel was late was being shipped through the overnight mail service A₂ is 0.192.

(d)

Compute the probability that a parcel was late was being shipped through the overnight mail service A₂ as follows:

P(A_{3}|L)=\frac{P(L|A_{3})P(A_{3})}{P(L)} \\=\frac{0.05\times 0.10}{0.026} \\=0.192

Thus, the probability that a parcel was late was being shipped through the overnight mail service A₃ is 0.192.

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