A company stock was selling at $15 a share a month later it was selling at $27 a share what is the percent increase
2 answers:
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Answer:
1.80% probability that in a random sample of 12 major Denver bridges, at least 4 will have an inspection rating of 4 or below in 2020.
Step-by-step explanation:
For each bridge, there are only two possible outcomes. Either it has rating of 4 or below, or it does not. The probability of a bridge being rated 4 or below is independent from other bridges. So we use the binomial probability distribution to solve this problem.
Binomial probability distribution
The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.
In which is the number of different combinations of x objects from a set of n elements, given by the following formula.
And p is the probability of X happening.
For the year 2020, the engineers forecast that 9% of all major Denver bridges will have ratings of 4 or below.
This means that
Use the forecast to find the probability that in a random sample of 12 major Denver bridges, at least 4 will have an inspection rating of 4 or below in 2020.
Either less than 4 have a rating of 4 or below, or at least 4 does. The sum of the probabilities of these events is 1.
So
We want
So
In which
Finally
1.80% probability that in a random sample of 12 major Denver bridges, at least 4 will have an inspection rating of 4 or below in 2020.