9514 1404 393
Answer:
P = 50,000
r = 0.08
i = 0.02
K = 4
n = 20
t = 5
Step-by-step explanation:
In this formula, r is the annual interest rate, 8% or 0.08. K is the number of times the interest is compounded in a year. Since interest is compounded quarterly, K = 4.
r = 0.08
i = r/K = 0.08/4
i = 0.02
t is the number of years interest is compounded, so ...
t = 5
n = Kt = 4·5
n = 20
P is the principal amount invested:
P = 50,000
Answer:
0.0011 = 0.11% probability of selling less than 3 properties in one week.
Step-by-step explanation:
For each property, there are only two possible outcomes. Either they are sold, or they are not. The chance of selling any one property is independent of selling another property. This means that the binomial probability distribution is used to solve this question.
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.
A real estate agent has 17 properties that she shows.
This means that 
She feels that there is a 50% chance of selling any one property during a week.
This means that 
Compute the probability of selling less than 3 properties in one week.
This is

In which





0.0011 = 0.11% probability of selling less than 3 properties in one week.
Answer:
Option A, p
Step-by-step explanation:
<u>Step 1: Identify the correct answer
</u>
Since the value of the higher point is (6, 5). This means that the x-value or p is greater than q since the x-value will stay the same as 6. While the q value will become even smaller.
Answer: Option A, p