Assuming simple interest (i.e. no compounding within first year), then
At 6%, interest = 10000*0.06=$600
At 9% interest = 10000*0.09 = $900
Two ways to find the ratio
method A. let x=proportion at 6%
then
600x+900(1-x)=684
Expand and solve
300x=900-684=216
x=216/300=0.72 or 72%
So 10000*0.72=7200 were invested at 6%
10000-7200=2800 were invested at 9%
method B: by proportions
Ratio of investments at 6% and 9%
= 900-684 : 684-600
=216 : 84
= 18 : 7
Amount invested at 6% = 18/(18+7) * 10000 = 0.72*10000 = 7200
Amount invested at 8% = 7/(18+7)*10000=0.28*10000=2800
12s - 20 < 3s - 25 |+20
12s < 3s - 5 |-3s
9s < -5 |:9
s < -5/9
Answer: Any number from the set (-∞, -5/9).
Answer:
Therefore, the probability that at least half of them need to wait more than 10 minutes is <em>0.0031</em>.
Step-by-step explanation:
The formula for the probability of an exponential distribution is:
P(x < b) = 1 - e^(b/3)
Using the complement rule, we can determine the probability of a customer having to wait more than 10 minutes, by:
p = P(x > 10)
= 1 - P(x < 10)
= 1 - (1 - e^(-10/10) )
= e⁻¹
= 0.3679
The z-score is the difference in sample size and the population mean, divided by the standard deviation:
z = (p' - p) / √[p(1 - p) / n]
= (0.5 - 0.3679) / √[0.3679(1 - 0.3679) / 100)]
= 2.7393
Therefore, using the probability table, you find that the corresponding probability is:
P(p' ≥ 0.5) = P(z > 2.7393)
<em>P(p' ≥ 0.5) = 0.0031</em>
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Therefore, the probability that at least half of them need to wait more than 10 minutes is <em>0.0031</em>.
Your answer is 2’3’3!! (2*3*3 = 18)
hopefully this helps, good luck bud! :)
