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Using the binomial distribution, it is found that there is a 0.857 = 85.7% probability that at least 2 of the rolls come up as a 3 or a 4.
For each die, there are only two possible outcomes, either a 3 or a 4 is rolled, or it is not. The result of a roll is independent of any other roll, hence, the <em>binomial distribution</em> is used to solve this question.
Binomial probability distribution
The parameters are:
- x is the number of successes.
- n is the number of trials.
- p is the probability of a success on a single trial.
In this problem:
- There are 9 rolls, hence
.
- Of the six sides, 2 are 3 or 4, hence
The desired probability is:
In which:
Then
Then:
0.857 = 85.7% probability that at least 2 of the rolls come up as a 3 or a 4.
For more on the binomial distribution, you can check brainly.com/question/24863377
Answer:
$18,726.11
Step-by-step explanation:
Lets use the compound interest formula provided to solve this:
<em>P = initial balance</em>
<em>r = interest rate (decimal)</em>
<em>n = number of times compounded annually</em>
<em>t = time</em>
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First lets change 9% into a decimal:
9% -> -> 0.09
Since the interest is compounded quarterly, we will use 4 for n. Lets plug in the values now:
<u>The balance after 5 years is $18,726.11</u>