It's the third one and the last one are the only ones that make immediate sense.
Answer:
A) The annual multiplier was 1.0339; the annual increase was 0.0339 of the value.
B) 3.39% per year
C) $182,000
Step-by-step explanation:
A) Let's let t represent years since 1987. Then we can fill in the numbers and solve for r.
165000 = 100000(1 +r)^15
1.65^(1/15) = 1 +r . . . . . divide by 100,000; take the 15th root
1.03394855265 -1 = r ≈ 0.0339
The value was multiplied by about 1.0339 each year.
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B) The value increased by about 3.39% per year.
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C) S = $100,000(1.03394855265)^18 ≈ $182,000
It would be choice b.
The domain is the range of x values which in this case is from -5 to 3.
Answer:
a) Expected amount of the gambler's win = $0.209
b) SD = 2.26
c)P (X >1) = P(z >0.35) = 0.36317
Step-by-step explanation:
The probability of winning, p = 12/38 =6/19
Probability of losing, q = 1 -p = 1-6/19
q = 13/19
Win amount = $5
Loss amount = $2
a) Expected total amount of win = ((6/19)*5) - ((13/19)*2)
Expected total amount of win = 1.579 - 1.369
Expected amount of win, E(X) = $0.209
b) Standard Deviation for the total amount of the gambler's win

E(X²) = (6/19)*5² - (13/19)*2²
E(X²) = 5.158

SD = 2.26
c) probability that, in total, the gambler wins at least $1.
P(X >1)

μ = E(x) = 0.209
z = (1-0.209)/2.26
z = 0.35
P( X >1) = P(z >0.35)
P(z >0.35) = 1 - P(z <0.35)
P(z >0.35) = 1 - 0.63683
P(z >0.35) = 0.36317
The first answer in the choices