Answer:
0.9562
Step-by-step explanation:
Binomial probability is mathematically expressed as:
Given that p=0.18, n=5 , is calculated as:
Hence, the probability of no more than 2 successes in 5 trials is 0.9562
How much would $500 invested at 8% interest compounded continuously be
1 answer:
Answer:
Step-by-step explanation:
The formula to calculate continuously compounded interest is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
e is the mathematical constant number
we have
substitute in the formula above
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We have been given that the standard deviation of a group of 20 scores is 15 and we are asked to find variance.
Since we know variance is square of standard deviation. In order to find out the variance of the given data we have to take the square of 15.
Therefore, our variance is 225.
Answer:
55%
Step-by-step explanation:
The percent change formula is written like this:
. In this scenario, the "change" or new value is 31, because it is this season, and the original is last season. Now, 31-20 = 11, and 11/20 = 55%.