Answer: 64 years
Step-by-step explanation:
Let assume the dealer sold the bottle now for $P, then invested that money at 5% interest. The return would be:
R1 = P(1.05)^t,
This means that after t years, the dealer would have the total amount of:
$P×1.05^t.
If the dealer prefer to wait for t years from now to sell the bottle of wine, then he will get the return of:
R2 = $P(1 + 20).
The value of t which will make both returns equal, will be;
R1 = R2.
P×1.05^t = P(1+20)
P will cancel out
1.05^t = 21
Log both sides
Log1.05^t = Log21
tLog1.05 = Log21
t = Log21/Log1.05
t = 64 years
The best time to sell the wine is therefore 64years from now.
Answer:a I think although I’m really tired
Step-by-step explanation:
Answer:
The y intercept to this problem is;
(0,7)
Explanation:
To find the x-intercept, substitute in 0 for y and solve for x . To find the y-intercept, substitute in 0 for x and solve for y .
Answer:
0.818
Step-by-step explanation:
Since the shipment has a ton of aspirin tablets, we can assume that we pick 13 of them <em>with</em> <em>reposition, </em>because the probability shoudn't change dramatically from the probability of picking without reposition if we do so.
We call D the amount of defective tablets. If we assume that we pick the tablets with reposition, then we obtain that D is a random variable of Binomial distribution with parameters 13 and 0.6 (the probability of picking a defective tablet).
We want D to be at most one. To calculate the probability of that event we add up the probability of D being equal to 0 and the probability of D being equal to one. Since D is binomial, we have
We conclude that

Hence, the shipment will be accepted with probability 0.818
<em>I hope this helps you!</em>