Help me with these 3 questions please. aH-
1 answer:
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Answer:
Principle should be $2,667
Step-by-step explanation:
We need $3000 for a vacation to Europe in 3 years.
Using amount formula,
Where, P is principle (P=?)
A is amount (A=3000)
r is rate of interest (r=0.04)
t is time (t=3)
Substitute the values into formula and solve for P
Hence, Principle should be $2,667
Answer:
The required probability is 0.55404.
Step-by-step explanation:
Consider the provided information.
The number of typographical errors on a page of the first booklet is a Poisson random variable with mean 0.2. The number of typographical errors on a page of second booklet is a Poisson random variable with mean 0.3.
Average error for 7 pages booklet and 5 pages booklet series is:
λ = 0.2×7 + 0.3×5 = 2.9
According to Poisson distribution:
Where is average number of events.
The probability of more than 2 typographical errors in the two booklets in total is:
Substitute the respective values in the above formula.
Hence, the required probability is 0.55404.