It is a long process to change a rule in the community. First, a change to the existing law is proposed. Next, a committee analyzes the information about the rule change. It is indicated that the process that the committee goes through is a long one.
Using the principle of binomial probability, the probability that more than 3 friends win a prize is
Recall :
- P(x = x) = nCx * p^x * q^(n-x)
<u>Given</u><u> </u><u>the</u><u> </u><u>Parameters</u><u> </u><u>:</u>
- <em>Probability</em><em> </em><em>of</em><em> </em><em>success</em><em>,</em><em> </em><em>p</em><em> </em><em>=</em><em> </em><em>1</em><em>/</em><em>6</em><em> </em>
- <em>q</em><em> </em><em>=</em><em> </em><em>1</em><em> </em><em>-</em><em> </em><em>p</em><em> </em><em>=</em><em> </em><em>5</em><em>/</em><em>6</em><em> </em>
- <em>Number</em><em> </em><em>of</em><em> </em><em>trials</em><em>,</em><em> </em><em>n</em><em> </em><em>=</em><em> </em><em>7</em>
- <em>x</em><em>≥</em><em>3</em><em> </em>
Hence,
P(x ≥ 3) = p(x = 3) + p(x = 4) + p(x = 5) + p(x = 6) + p(x = 7)
P(x ≥ 3) = 0.0781 + 0.0156 + 0.0019 + 0.0001 + 0.000003
P(x ≥ 3) = 0.095703
Therefore, the probability that more than 3 friends win a prize is 0.0957
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Answer:
The correct answer is B. Behaviorism.
Answer:
What do you mean? The answer is right there.
The option that is considered to have the lowest financial risk is investment-grade debt.
<h3>How do interest rates influence debt?</h3>
Interest rate is known to play a key role in consumer debt. Note that when there is higher APR on one's a credit card or loan, the more the larger one's balance will be and the longer one can be able to pay off the debt.
Note that the lowest financial risk is investment-grade debt and this does not often occur and such it has the lowest risk.
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