Answer:
a Long-term goals are reached over an extended period of time, so your current income does not affect
them.
Step-by-step explanation:
Financial planning refers to long term goals that are planned and reached over an extended period of time to keep one solvent in cases of emergency without having a direct effect on current income.
Solvency simply means having more assets than liabilities to be able to stay afloat of one's debts.
Start by doing the binomial expansion of (x+y)^6 where x represents success. This is
(x^6y^0) + 6(x^5y^1) +15(x^4y^2) +20(x^3y^3) +15(x^2y^4) +6(x^1y^5) +(x^0y^6)
We are interested in the x^3y^3 term which represents exactly 3 sucesses. Since the probalbility of sucess and failure are both .5 we should be able to figure this out just using the coefficients of the terms which is
20/64 = .3125 which is 31.25%
this would look like this: 0.0000001^10
If we were to do 0.0000001*0.0000001 it would be 0.00000000000010
We doubled the zeroes and moved the one up. Continue on until you reach the tenth power.
Bare with me a minute, I am still trying to figure it out. Here is what I have so far.
