Evaluate the limit and express your answer in simplest form tar 5/4 4/5 2/3 2/5
1 answer:
You might be interested in
Answer:
$1445.11
Step-by-step explanation:
The formula to use would be:
Where
F is the future amount (what we want to find)
P is the present (principal) amount (this is 400)
r is the rate of interest, monthly (1.8% or 0.018)
t is the time in months (6 years = 6 * 12 = 72)
Now substituting, we get:
After 6 years, the CD will be worth $1445.11
Answer:
There is a 0.73% probability that Ben receives a total of 2 phone calls in a week.
Step-by-step explanation:
In a Poisson distribution, the probability that X represents the number of successes of a random variable is given by the following formula:
In which
x is the number of sucesses
is the Euler number
is the mean in the given time interval.
The problem states that:
The number of phone calls that Actuary Ben receives each day has a Poisson distribution with mean 0.1 during each weekday and mean 0.2 each day during the weekend.
To find the mean during the time interval, we have to find the weighed mean of calls he receives per day.
There are 5 weekdays, with a mean of 0.1 calls per day.
The weekend is 2 days long, with a mean of 0.2 calls per day.
So:
If today is Monday, what is the probability that Ben receives a total of 2 phone calls in a week?
This is . So:
There is a 0.73% probability that Ben receives a total of 2 phone calls in a week.