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Strike441 [17]
3 years ago
7

Alicia borrowed $3,000 from the bank at a rate of 12% simple interest per year. How much interest did she pay in 4 years?

Mathematics
1 answer:
BaLLatris [955]3 years ago
3 0
45,000 because if you were to go up and under then that’s just yep.
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You collect baseball cards and buy sealed packs from the grocery store and clearly have no idea which cards are inside (nor if t
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Answer:

(a) 0.9607

(c) 0.04

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Step-by-step explanation:

Let the probability of success of a valuable card be p

p= 1/250 = 0.004,

q = 1-p = (249/250)

(a) There are 10 cards in one pack

The probability that there are no valuable card is given by:

Pr(X= 0) = 10C0 × (1/250)^0 ×(249/250)^10

10C0 = 10 combination 0= 10!/10!0!

=1

Pr (X= 0) = (249/250)^10

Pr (X=0) = 0.9607

(c) Expected number of valuable card is given by:

E(X) = np , n= 10, p= 1/250

E(X) = 10 × 1/250 = 1/25 = 0.04

(d) 5 packages means 5 × 10= 50 cards

Pr(X=0) = 50C0 × (1/250)^0 ×(249/250)^50

50C0 = 50!/50! ×0!=1

Pr (X=0) = (249/250)^50

Pr (X= 0) =(0.996)^50

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(e) For this case we use the Binomial Distribution

2 packages 2 × 10 = 20 cards

n = 20 , x = 1

We use:

P(X=1) = 20C1 × (1/250)^ 1 × (249/250)^19

Pr (X=1) = 20C1 × (1/250)^1 × (249/250)^19

Pr (X=1) = 20 × (1/250)¹ × (249/250)^19

Pr (X= 1 )= 0.074

(f) 20 packages = 200 cards

For this we apply Poisson distribution

P(X=3) = (e ^-h × h ^x) / x!

Where h = np = 200/250 = 0.8

P(X=3) = e^-0.8 × (0.8)^3 / 3!

P(X=3) = 0.991 × 0.512/6

P(X=3) = 0.0846

3 = n p

n = 3/p = 3 /0.04

n = 750 cards

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