Lisa has the following assets and liabilities. What is her net worth?
2 answers:
Answer:
Lisa has a net worth of $1200.
Step-by-step explanation:
Net worth of a person is defined as his total assets minus total liabilities. Assets are his personal things that he owns and liabilities are to be paid off.
Assets here are : car, saving account, cash and video camera.
Liabilities are : car loan and credit card
So, total assets will be =
Total liabilities are =
So, net worth will be =
Hence, Lisa has a net worth of $1200.
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Answer:
The probability of success for this case would be:
representing the proportion of homes that are own homes
Let X the random variable of interest, on this case we now that:
The probability mass function for the Binomial distribution is given as:
Where (nCx) means combinatory and it's given by this formula:
And we want this probability:
And uing the probability mass function we got:
Step-by-step explanation:
Adduming the following info: In a list of 15 households, 9 own homes and 6 do not own homes. Five households are randomly selected from these 15 households. Find the probability that the number of households in these 5 own homes is exactly 3.
Round your answer to four decimal places
P (exactly 3)=
Previous concepts
The binomial distribution is a "DISCRETE probability distribution that summarizes the probability that a value will take one of two independent values under a given set of parameters. The assumptions for the binomial distribution are that there is only one outcome for each trial, each trial has the same probability of success, and each trial is mutually exclusive, or independent of each other".
Solution to the problem
The probability of success for this case would be:
representing the proportion of homes that are own homes
Let X the random variable of interest, on this case we now that:
The probability mass function for the Binomial distribution is given as:
Where (nCx) means combinatory and it's given by this formula:
And we want this probability:
And uing the probability mass function we got: