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2 years ago

"$12 million per year. grow 10% compounded annually over the next 5 years. What will demand be in 5 years?"

Mathematics

1 answer:

Natalka [10]2 years ago

4 0

Compound interest formula:

Amount = starting value x ( 1+ interest rate/compounds per year)^(compound per year x number of years)

Amount = 12,000,000 x (1+ 0.10/1)^(1x5)

Amount = 19,326,120.00

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-3x + 9 - 4 = x + 3 + 2x
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3 years ago

Read 2 more answers

A survey report states that 70% of adult women visit their doctors for a physical examination at least once in two years. If 20

irakobra [83]

Answer:

a) 0.3921 = 39.21% probability that fewer than 14 of them have had a physical examination in the past two years.

b) 0.107 = 10.7% probability that at least 17 of them have had a physical examination in the past two years.

Step-by-step explanation:

For each women, there are only two possible outcomes. Either they visit their doctors for a physical examination at least once in two years, or they do not. The probability of a woman visiting their doctor at least once in this period is independent of any other women. This means that 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.

$P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}$

In which $C_{n,x}$ is the number of different combinations of x objects from a set of n elements, given by the following formula.

$C_{n,x} = \frac{n!}{x!(n-x)!}$

And p is the probability of X happening.

70% of adult women visit their doctors for a physical examination at least once in two years.

This means that $p = 0.7$

20 adult women

This means that $n = 20$

(a) Fewer than 14 of them have had a physical examination in the past two years.

This is:

$P(X < 14) = 1 - P(X \geq 14)$

In which

$P(X \geq 14) = P(X = 14) + P(X = 15) + P(X = 16) + P(X = 17) + P(X = 18) + P(X = 19) + P(X = 20)$

$P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}$

$P(X = 14) = C_{20,14}.(0.7)^{14}.(0.3)^{6} = 0.1916$

$P(X = 15) = C_{20,15}.(0.7)^{15}.(0.3)^{5} = 0.1789$

$P(X = 16) = C_{20,16}.(0.7)^{16}.(0.3)^{4} = 0.1304$

$P(X = 17) = C_{20,14}.(0.7)^{17}.(0.3)^{3} = 0.0716$

$P(X = 18) = C_{20,18}.(0.7)^{18}.(0.3)^{2} = 0.0278$

$P(X = 19) = C_{20,19}.(0.7)^{19}.(0.3)^{1} = 0.0068$

$P(X = 20) = C_{20,20}.(0.7)^{20}.(0.3)^{0} = 0.0008$

$P(X \geq 14) = P(X = 14) + P(X = 15) + P(X = 16) + P(X = 17) + P(X = 18) + P(X = 19) + P(X = 20) = 0.1916 + 0.1789 + 0.1304 + 0.0716 + 0.0278 + 0.0068 + 0.0008 = 0.6079$