Answer:
30,000
Step-by-step explanation:
250,000 * .12 = 30,000
in real life the commission would be split between the owner, broker and salesperson
salespeople often do not keep the entire commission
Answer:
a)
b) ![P(X> 2)=1-P(X\leq 2)=1-[0.0211+0.0995+0.211]=0.668](https://tex.z-dn.net/?f=P%28X%3E%202%29%3D1-P%28X%5Cleq%202%29%3D1-%5B0.0211%2B0.0995%2B0.211%5D%3D0.668)
c)
Step-by-step explanation:
1) Previous concepts
The binomial distribution is a "DISCRETE probability distribution that summarizes the probability that a value will take one of two independent values under a given set of parameters. The assumptions for the binomial distribution are that there is only one outcome for each trial, each trial has the same probability of success, and each trial is mutually exclusive, or independent of each other".
2) Solution to the problem
Let X the random variable of interest, on this case we now that:
The probability mass function for the Binomial distribution is given as:
Where (nCx) means combinatory and it's given by this formula:
Part a
Part b
![P(X> 2)=1-P(X\leq 2)=1-[P(X=0)+P(X=1)+P(X=2)]](https://tex.z-dn.net/?f=P%28X%3E%202%29%3D1-P%28X%5Cleq%202%29%3D1-%5BP%28X%3D0%29%2BP%28X%3D1%29%2BP%28X%3D2%29%5D)
![P(X> 2)=1-P(X\leq 2)=1-[0.0211+0.0995+0.211]=0.668](https://tex.z-dn.net/?f=P%28X%3E%202%29%3D1-P%28X%5Cleq%202%29%3D1-%5B0.0211%2B0.0995%2B0.211%5D%3D0.668)
Part c
Answer:
A) y = (x + 3)² + 4
B) y = (x - 3)² + 2
C) y = (x - 1)² - 5
Step-by-step explanation:
2 units UP means that the vertex will be shifted from (-3 , 2) to (-3, (2 + 2) or (-3, 4)
As the y = (x + 3)² will still be zero at x = -3, we just need to change the "+ 2" to
"+ 4" to shift the curve upward by 2
y = (x + 3)² + 4
When we want to shift the curve to the right, we want the vertex to move from (-3, 2) to (3, 2)
This means that the term in parenthesis must be zero with our desired x value
(3 + C)² = 0
3 + C = 0
C = -3
y = (x - 3)² + 2
4 units right and 7 units down mean that the vertex is desired at (1, -5)
(1 + C)² = 0
C = -1
y = (x - 1)² - 5
10 - 2x
10 - 2(7)
= 10 - 14
= -4