Answer:
What's r?
Step-by-step explanation:
Answer:
After 5 years, Cam's account will have $ 616.04 while Madison's account will have $ 638.53.
Step-by-step explanation:
Given that Cam and Madison were investing money into two different accounts, both investing $ 550 each, and Cam invested into an account at an annual interest rate of 2.7% compounded monthly while
Madison invested into an account that had an annual interest rate of 3% compounded quarterly, to determine the balances of both accounts after 5 years, the following calculations must be performed:
Cam
X = 550 (1 + 0.027 / 12) ^ 5x12
X = 550 (1 + 0.027 / 12) ^ 60
X = 616.04
Madison
X = 550 (1 + 0.03 / 3) ^ 5x3
X = 550 (1 + 0.03 / 3) ^ 15
X = 638.53
Thus, after 5 years, Cam's account will have $ 616.04 while Madison's account will have $ 638.53.
Answer:
An airline estimates that 94% of people booked on their flights actually show up. If the airline books 77 people on the flight for which the maximum number is 75, what is the probability that the number of people who show up will exceed the capacity of the plane?
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Binomial Problem with n = 77 and p = 0.94
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P(76 <= x <= 77) = 1-P(0 <=x <= 75) = 1 - binomcdf(77,0.94,75) = 0.0504
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Cheers,
Stan H.
58 I just took the test and got it right
