Sum of a finite geometric series=a(r^(n) -1)/(r -1)
or
sum of a finite geometric series=a(1 - r^(n))/(1 - r)
the Smiths would spend a total of $2928.2 on clothing in 4 years
X will equal -7 in this problem
The rate must be in DECIMAL form and the time must be in YEARS
Answer:
189
Step-by-step explanation:
You can replace the values of x with 9 and the values of y with (-3).
7(2x-3y) = 7(2 × 9 - 3 × -3)
= 7(18 - -9)
= 7(18+9)
= 7 × 27
= 189
Answer:
The expectation of the policy until the person reaches 61 is of -$4.
Step-by-step explanation:
We have these following probabilities:
0.954 probability of a loss of $50.
1 - 0.954 = 0.046 probability of "earning" 1000 - 50 = $950.
Find the expectation of the policy until the person reaches 61.
Each outcome multiplied by it's probability, so:

The expectation of the policy until the person reaches 61 is of -$4.