The total interest on a discounted loan is $40. If Bob received $480 into his bank account on drawdown, what is P0, the loan pri
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Answer:
96.33% probability that everyone who appears for the flight will get a seat
Step-by-step explanation:
I am going to use the binomial approximation to the normal to solve this question.
Binomial probability distribution
Probability of exactly x sucesses on n repeated trials, with p probability.
Can be approximated to a normal distribution, using the expected value and the standard deviation.
The expected value of the binomial distribution is:
The standard deviation of the binomial distribution is:
Normal probability distribution
Problems of normally distributed samples can be solved using the z-score formula.
In a set with mean and standard deviation
, the zscore of a measure X is given by:
The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.
When we are approximating a binomial distribution to a normal one, we have that ,
.
In this problem, we have that:
So
What is the probability that everyone who appears for the flight will get a seat
100 or less people appearing to the flight, which is the pvalue of Z when X = 100. So
has a pvalue of 0.9633
96.33% probability that everyone who appears for the flight will get a seat
Let
x--------> the time in hours
y-------> the distance in miles
we know that
The speed is equal to
in this problem
<u>Equation First Train</u>
<u>Equation Second Train</u>
---------> equation
Substitute the values of and
in the equation
Solve for x
therefore
<u>the answer is</u>