Answer:
15 years and 8 months
Step-by-step explanation:
I used the formula for compound interest as shown below and solved for the unknown, time.
Since our interest is compounded annually (So once a year) our m value is 1.
Answer:
0.4
Step-by-step explanation:
Given:-
- The uniform distribution parameters are as follows:
a = $10,000 b = $15,000
Find:-
Suppose you bid $12,000. What is the probability that your bid will be accepted?
Solution:-
- We will denote a random variable X that defines the bid placed being accepted. The variable X follows a uniform distribution with parameters [a,b].
X ~ U(10,000 , 15,000)
- The probability of $12,000 bid being accepted can be determined by the cdf function of the uniform distribution, while the pmf is as follows:
Pmf = 1 / ( b - a )
Pmf = 1 / ( 15,000 - 10,000 )
Pmf = 1 / ( 5,000 )
Answer:
In order to move a number that is multiplied or divided by the variable, make sure to inverse both sides! That means, if the number is multiplied, you divide it by both sides. If it's divided, you must multiply it by both side; steps so that you can apply them to harder equations.
Sorry if this didn't help! I hope it did though, good luck. <3
Answer:
X= 18; Y=15
Step-by-step explanation:
As a student myself working this out I cannot explain how I got the answer but I know it is correct.
Answer:
rearrange them properly to get
x-y=7
-3x+y=12
( by elimination method)
x-y = 7
-3x+y=
(x+ –3x) + (–y+y) = (7+12)
-2x+0= 19
x= -9.5
from eqn(i)
x-y=7
-9.5 - y=7
-y=16.5
y= -16.5