Answer:
Step-by-step explanation:
Alright, lets get started.
Principal amount Joshua borrowed, P = $ 25000
rate of interest, r = 1.5 %
time, t = 2 years
simple interest =
simple interest =
Means $ 750 will be the interest of Joshua's loan.
So, Joshua needs to repay the SBA =
Hence, Joshua will repay $ 25750 to SBA after two years. : Answer
Hope it will help :)
Answer:
0.762 = 76.2% probability that this shipment is accepted
Step-by-step explanation:
For each pen, there are only two possible outcomes. Either it is defective, or it is not. The probability of a pen being defective is independent from other pens. So we use the binomial probability distribution to solve this question.
Binomial probability distribution
The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.
In which is the number of different combinations of x objects from a set of n elements, given by the following formula.
And p is the probability of X happening.
17 randomly selected pens
This means that
(a) Find the probability that this shipment is accepted if 10% of the total shipment is defective. (Use 3 decimal places.)
This is when
. So
0.762 = 76.2% probability that this shipment is accepted