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nirvana33 [79]
3 years ago
6

Which experiment describes a binomial experiment?

Mathematics
1 answer:
Jobisdone [24]3 years ago
7 0
You have 4 options:
4 cards: because you draw cards and don't replace them your chance p changes on every trial, so it can't be a binomial experiment
roll 2 dice until...: a binomial experiment must have a consistent amount of trials, by doing an action until some condition is fulfilled violates this as the amount of trials or throws in this case is random
ask 9 people: there are three options, binomial experiments can only have 2

the only option left is the spinner, which is a binomial experiment
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Answer:

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We have the formula for the monthly payment as,

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Now, as i increase we get that (1+i) increases and so (1+i)^{n} increases.

This gives us that, \frac{1}{(1+i)^{n} } decreases and so 1-\frac{1}{(1+i)^{n}} decreases

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