James deposited $575 into a bank account that earned 5.5% simple interest each year.
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Answer:
So then we will expect 9.98 packages between 2-4 rookie cards in the sample of 10
Step-by-step explanation:
Let X the random variable that represent the number of rookie cards of a population, and for this case we know the distribution for X is given by:
Where and
We select a sample size of n = 10 variety packs and we want to find this probability:
We can use the z score formula given by:
If we apply this formula to our probability we got this:
We can find the z score for 2 and 4 and we got:
So we can find the probability with this difference
And using the normal standard distirbution or excel we got:
So then we will expect 9.98 packages between 2-4 rookie cards in the sample of 10