The amount that results when $4,000 is compounded at 6% annually over seven years.
1 answer:
You might be interested in
Answer:
Probability to get tails exactly 8 times or exactly 5 times is 0.29
Step-by-step explanation:
No of ways the coins lands tails exactly 8 times
P(8) = 15C8 × ×
No of ways the coin lands tails exactly 5 times
P(5) = 15C5 × ×
Probability to get tails exactly 8 times or 5 times
P(8)+P(5) = 15C8 × + 15C5 ×
P = ( 15C8 + 15C5 )
P = ( (
) + (
) )
P = ( 6435 + 3003 )
P = ( 9438)
P = ( 4719)
P =
P = 0.29
Answer:
n = 20
Step-by-step explanation:
hope this help you ! ;)))
Answer:
Probability that a set of tires wears out before 20,000 miles is 0.1151.
Step-by-step explanation:
We are given that a tire manufacturer warranties its tires to last at least 20,000 miles or "you get a new set of tires." In its past experience, a set of these tires last on average 26,000 miles with S.D. 5,000 miles. Assume that the wear is normally distributed.
<em>Let X = wearing of tires</em>
So, X ~ N()
Now, the z score probability distribution is given by;
Z = ~ N(0,1)
where, = average lasting of tires = 26,000 miles
= standard deviation = 5,000 miles
So, probability that a set of tires wears out before 20,000 miles is given by = P(X < 20,000 miles)
P(X < 20,000) = P( <
) = P(Z < -1.2) = 1 - P(Z
1.2)
= 1 - 0.88493 = 0.1151
Therefore, probability that a set of tires wears out before 20,000 miles is 0.1151.