Using a calculator and the formula above, choose the correct answer for APR. Betty Borrower has a short term one year note at 14
2 answers:
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Answers:
P(A) = 7/12
P(B) = 1/2
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Explanation:
To see how I calculated P(A), check out this link to this very similar question
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Now to calculate P(B)
If a number is divisible by 2, then the number is a multiple of 2.
In other words, the number is even.
Counting through the values in the table, you should find that there are 18 sums that are even (2, 4, 6, 8, 10 and 12). Refer to the dice chart below.
Here's a further breakdown
- 1 copy of "2"
- 3 copies of "4"
- 5 copies of "6"
- 5 copies of "8"
- 3 copies of "10"
- 1 copy of 12
Side note: We have nice symmetry going on.
There are 1+3+5+5+3+1 = 18 values total that are even numbers. The other half are odd numbers of course.
P(B) = 18/36 = (1*18)/(2*18) = 1/2
