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3 years ago

8

Lorena deposited $2372 into an account that earns 4.5% interest which is compounded once a year. How much money will Lorena have

in the account in 20 years?
A. $5720.59
B. $4952.79
C. $5254.49
D. $6398.67

2 answers:

seraphim [82]3 years ago

8 0

C
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Alexus [3.1K]3 years ago

8 0

Answer:

C is wrong

Step-by-step explanation:

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Jay played 350 solitaire games he won 154 of those games. What percent of the games did Jay win?

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2 years ago

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A public health organization reports that 40%of baby boys 6-8 months old in the United

Sveta_85 [38]

Using the binomial distribution, the probabilities are given as follows:

0.3675 = 36.75% probability that more than 4 weigh more than 20 pounds.

0.1673 = 16.73% probability that fewer than 3 weigh more than 20 pounds.

Since P(X > 7) < 0.05, it would be unusual if more than 7 of them weigh more than 20 pounds.

<h3>What is the binomial distribution formula?</h3>

The formula is:

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

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

The parameters are:

x is the number of successes.

n is the number of trials.

p is the probability of a success on a single trial.

The values of the parameters for this problem are:

n = 10, p = 0.4.

The probability that more than 4 weigh more than 20 pounds is:

$P(X > 4) = 1 - P(X \leq 4)$

In which:

$P(X \leq 4) = P(X = 0) + P(X = 1) + P(X = 2) + P(X = 3) + P(X = 4)$

Then:

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

$P(X = 0) = C_{10,0}.(0.4)^{0}.(0.6)^{10} = 0.0061$

$P(X = 1) = C_{10,1}.(0.4)^{1}.(0.6)^{9} = 0.0403$

$P(X = 2) = C_{10,2}.(0.4)^{2}.(0.6)^{8} = 0.1209$

$P(X = 3) = C_{10,3}.(0.4)^{3}.(0.6)^{7} = 0.2150$

$P(X = 4) = C_{10,4}.(0.4)^{4}.(0.6)^{6} = 0.2502$

Hence:

$P(X \leq 4) = P(X = 0) + P(X = 1) + P(X = 2) + P(X = 3) + P(X = 4) = 0.0061 + 0.0403 + 0.1209 + 0.2150 + 0.2502 = 0.6325$

$P(X > 4) = 1 - P(X \leq 4) = 1 - 0.6325 = 0.3675$

0.3675 = 36.75% probability that more than 4 weigh more than 20 pounds.

The probability that fewer than 3 weigh more than 20 pounds is:

P(X < 3) = P(X = 0) + P(X = 1) + P(X = 2) = 0.0061 + 0.0403 + 0.1209 = 0.1673

0.1673 = 16.73% probability that fewer than 3 weigh more than 20 pounds.

For more than 7, the probability is:

$P(X > 7) = P(X = 8) + P(X = 9) + P(X = 10)$

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

$P(X = 8) = C_{10,8}.(0.4)^{8}.(0.6)^{2} = 0.0106$

$P(X = 9) = C_{10,9}.(0.4)^{9}.(0.6)^{1} = 0.0016$

$P(X = 10) = C_{10,10}.(0.4)^{10}.(0.6)^{0} = 0.0001$

Since P(X > 7) < 0.05, it would be unusual if more than 7 of them weigh more than 20 pounds.

More can be learned about the binomial distribution at brainly.com/question/24863377

#SPJ1

4 0

2 years ago