Answer:
Step-by-step explanation:
The concept of binomial probability is applied.
Mathematically from binomial probability ; (nCx)px(1−p)(n-x)
The detailed step by step is as shown in the attachment
Answer: 18.288
Step-by-step explanation:
Given:
Monday: 6 laps around a 0.25-mile track
Tuesday: 7 laps around a 0.25-mile track
Total miles jogged on both days.
0.25(6 + 7) = 0.25(13) = 3.25 miles
Mike jogged a total of 3.25 miles on Monday and Tuesday combined.
Year Net Profit
1 <span>$14,250.00
2 $15,390.00
3 $16,621.20
4 $17,950.90</span>2
We need to get the increase of the net profit of the current year from the previous year.
Percentage increase = (Current year - Previous Year)/ Previous Year * 100%
Year 2: (15,390 - 14, 250) / 14,250 * 100% = 0.08 * 100% = 8%
Year 3: (16,621.20 - 15,390) / 15,390 * 100% = 0.08 * 100% = 8%
Year 4: (17,950.90 - 16,621.20) / 16,621.20 * 100% = 0.08 * 100% = 8%
Every year the net income increases by 8%. So, the net income in Year 5 will be:
17,950.90 x 1.08 = 19,386.97 Choice D.
