Answer:
0.942 is the required probability.
Step-by-step explanation:
We are given the following in the question:
x is a binomial random variable with n = 5 and p = 0.8.
Then,
where n is the total number of observations, x is the number of success, p is the probability of success.
We have to evaluate:
0.942 is the required probability.
Using linear function concepts, it is found that:
a) The initial value is of 3 and the rate of change is of 20.
b) The rate of change means that for <u>each hour, the cost increases by 3 Dhs</u>, while the initial value means that <u>a flat fee of 20 Dhs is paid</u>.
<h3>What is a linear function?</h3>
A linear function is modeled by:
In which:
- m is the slope, which is the rate of change, that is, by how much y changes when x changes by 1.
- b is the y-intercept, which is the value of y when x = 0, and also can be considered as the initial value.
In this problem, the function that gives the charge C for renting a bicycle for h hours is:
Item a:
Comparing to the standard function, we have that:
- The initial value is of 3 and the rate of change is of 20.
Item b:
The rate of change means that for <u>each hour, the cost increases by 3 Dhs</u>, while the initial value means that <u>a flat fee of 20 Dhs is paid</u>.
You can learn more about linear function concepts at brainly.com/question/24808124
Find out what the lowest number is that each of the numbers on the bottom of the fractions can divide into evenly.
Part 1:
After payment of $300, remaining balance = $2,348.62 - $300 = $2,048.62.
Interest accrued is given by:
Had it been $600 was paid, remaining balance = $2,348.62 - $600 = $1748.62. Interest accrued is given by:
Difference in interest accrued = $14.94 - $12.75 = $2.19
Part 2:
The present value of an annuity is given by:
Where PV is the amount to be repaid, P is the equal monthly payment, r is the annual interest rate and n is the number of years.
Thus,
Therefore, the number of months it will take to pay of the debt is 3.99 months which is approximately 4 months.