Answer:
$1,179
Step-by-step explanation:
Lets use the compound interest formula provided to solve this:
<em>P = initial balance</em>
<em>r = interest rate (decimal)</em>
<em>n = number of times compounded annually</em>
<em>t = time</em>
<em />
First, lets change 2.6% into a decimal:
2.6% -> 
-> 0.026
Since the interest is compounded quarterly, we will use 4 for n. Lets plug in the values now:
The account balance after 10 years will be $1,179
Answer:
1134
Step-by-step explanation:
=1134.114948
Mean is average so you sum up all 4 numbers and divide by 4. Answer is 27.6725 or rounded 27.67
Have a nice day. Hope this helps.
Ok so 3x5 is 15 then 15 x 2 is 30 your answer is 30
hope this helped
a. The reason why this question is a binomial experiment is based on the fact that it is made up of an independent sample, it has a number that is fixed and a probability.
Each event is made up of two outcomes and they are random with the same success rate.
<h3>b. How to solve probability that exactly 5 had a bachelor</h3>
we have the following data n = 12, p = 0.27 and k = 5
We have to use the function to solve electronically
binompdf(n,p,k)
input the values
= binompdf(12,0.27,5)
This gives us
= 0.1255
<h3>(C) Probability that fewer than 5 have bachelor</h3>
We use the formula below
= binompdf(12,0.27,5-1)
This is = 0.7984
D. Probability of at least 5
1 - probability of fewer than 5
= 1 - 0.7984
= 0.2016
How to solve for the Mean = n*p
n = 12 , p = 0.27
Mean = 12*0.27 = 3.24
and
standard deviation = √npq
n = 12, p = 0.27 , q = 1- 0.27
= 0.73
sd = √12*.27*.73
= 1.54
Read more on binomial experiment here:
brainly.com/question/9325204
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