Answer:
Step-by-step explanation:
The geometric distribution represents "the number of failures before you get a success in a series of Bernoulli trials. This discrete probability distribution is represented by the probability density function:"
Let X the random variable that measures the number os trials until the first success, we know that X follows this distribution:
In order to find the expected value E(1/X) we need to find this sum:

Lets consider the following series:
And let's assume that this series is a power series with b a number between (0,1). If we apply integration of this series we have this:
(a)
On the last step we assume that
and
, then the integral on the left part of equation (a) would be 1. And we have:

And for the next step we have:

And with this we have the requiered proof.
And since
we have that:
Answer:
$199,047.62
Step-by-step explanation:
PV = X(1+i)^nm
X=$209000
i=5% = 0.05
n=1
m=1
Pv=$209000(1+0.05)^-1x1
Pv=$209000(1.05)^-1
Pv=$209000(1/1.05)
Pv=$209000/1.05
Pv=$199,047.62
$199,047.62 is needed to be donated for investment at 5.0% compounded annually rate for a year so as to get $209,000 at end of the year for the purpose of funding the scholarship.
Answer:
63
Step-by-step explanation:
2+1= 3
15-3= 12
12 x 3 = 36
99 - 36
= 63