Find the sum which amounts to Rs 9261 at 10% per annum compound interest for 18 months ,interest payable half yearly
, where A is amount , r is rate =10% = 0.10 , n is intervals of compounding n=2 , t is time = 18 months=1.5 years
Lets plug in
divide both sides by 1.006012008
Using the binomial distribution, it is found that the probability that at least 12 of the 13 adults require eyesight correction is of 0.163 = 16.3%. Since this probability is greater than 5%, it is found that 12 is not a significantly high number of adults requiring eyesight correction.
For each person, there are only two possible outcomes, either they need correction for their eyesight, or they do not. The probability of a person needing correction is independent of any other person, hence, the binomial distribution is used to solve this question.
<h3>What is the binomial distribution formula?</h3>The formula is:
The parameters are:
In this problem:
The probability that at least 12 of them need correction for their eyesight is given by:
In which:
Then:
The probability that at least 12 of the 13 adults require eyesight correction is of 0.163 = 16.3%. Since this probability is greater than 5%, it is found that 12 is not a significantly high number of adults requiring eyesight correction.
More can be learned about the binomial distribution at brainly.com/question/24863377