Answer:
Step-by-step explanation:
If we approximate the binomial distribution with a normal distribution, we have to apply a correction factor for the fact that we are now dealing with a continuous variable instead of a discrete one, as it was with the binomial distribution.
The probability of no more than 35 defective CDs: P(X<35)
In this case, as X=35 is not included in the interval, we start the interval from X=35-0.5=34.5.
being Pb the probability under the binomial distribution and Pn the probability under the normal distribution.
The area for the normal distribution is the one below X=34 (or P(X<34)).
The three scores are 86, 74, and an unknown score x. The average (i.e. the sum divided by how many there are) is 80, so we have
Multiply both sides by 3 and you get
Subtract 160 from both sides to get
Note: you could solve this exercise very quickly if you notice that the two numbers, 86 and 74, are symmetrical with respect to 80, which is the average. So, the third number must be the average.
Answer:
<em>A = $5183.36</em>
Step-by-step explanation:
<u>Compound Interest</u>
It occurs when the interest is reinvested rather than paying it out. Interest in the next period is then earned on the principal sum plus previously accumulated interest.
The formula is:
Where:
A = final amount
P = initial principal balance
r = interest rate
n = number of times interest applied per time period
t = number of time periods elapsed
Abdul deposited P=$4000 into an account with r=2.6% = 0.026 compounded quarterly. Since there are 4 quarters in a year, n=4. We are required to calculate the amount in the account after t=10 years.
Applying the formula:
A = $5183.36