a rare coin was bought for $30.00 2 years ago.It is now worth $75.00 . What is the percent increase in worth?
1 answer:
You might be interested in
Using the binomial distribution, it is found that there is a 0.125 = 12.5% probability of observing exactly 3 tails.
<h3>What is the binomial distribution formula?</h3>The formula is:
The parameters are:
- x is the number of successes.
- n is the number of trials.
- p is the probability of a success on a single trial.
In this problem, considering 3 tosses of a fair coin, the parameters are n = 3 and p = 0.5.
The probability of 3 tails is P(X = 3), hence:
0.125 = 12.5% probability of observing exactly 3 tails.
More can be learned about the binomial distribution at brainly.com/question/24863377