How do I simplify this and explain how and why it makes sense how I found it?
1 answer:
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Just plug in 500 for p, 0.2 for r (because 20% is equivalent to 0.20), and 2 for t:
So, if you start with $500 and charge an interest rate of 20% for 2 years, you will gain $200 to get $700 in total.
So, if you start with $500 and charge an interest rate of 20% for 2 years, you will gain $200 to get $700 in total.
Answer:
And using this formula we have this:
Then we can conclude that the probability that that a person waits fewer than 11 minutes is approximately 0.917
Step-by-step explanation:
Let X the random variable of interest that a woman must wait for a cab"the amount of time in minutes " and we know that the distribution for this random variable is given by:
And we want to find the following probability:
And for this case we can use the cumulative distribution function given by:
And using this formula we have this:
Then we can conclude that the probability that that a person waits fewer than 11 minutes is approximately 0.917
Answer:
38,325 dinners.
Step-by-step explanation:
We have been given that last year the manager of a health care facility served 36,500 dinners. The manager estimates an increase of 5% in the number of dinners to be served next year.
The estimated number of dinners next year would be 36,500 plus 5% of 36,500.
Therefore, 38,325 dinners will be served next year.