Answer:
a) P(x) = 0.67
b) P(y) = 0.67
c) P(x=4) = 0.3325
d) P( x = 0 ) = 0.0039
e) The fact that the rise and fall of the stock market relies on market sentiments violates independence used in Binomial distribution and the years are independent
Step-by-step explanation:
A) The probability that the stock market will rise next year = P(x) = 0.67
assuming next year to be X
B) Probability that the stock market will rise the year after next year
= P(y) = 0.67 and this is because the probability is independent of that of the previous years
C) Probability that the stock market will rise in four of the next five years
= P(x=4) = 0.3325
D) probability that the stock market will rise in none of the next five years
= P( x = 0 ) = 0.0039
E) The fact that the rise and fall of the stock market relies on market sentiments violates independence used in Binomial distribution and the years are independent
Step-by-step explanation:
37.5 pounds - 29.25 pounds = 8.25 pounds
Answer:
C) Yes, because the joint probability of P and M is equal to 0.
Step-by-step explanation:
Given that, P represents the event that the selected person preferred pepperoni only.
And M represents the event that the selected person preferred mushroom only.
so, P and M are two mutually exclusive events because two events are mutually exclusive if they do not occur together.
Here, P and M cannot occur at same time.
so, the joint probability of P and M i.e) probability of both P and M to occur at same time is zero.
Answer:
The tax amount is 15.17$
The tax rate is 12.4%.
Step-by-step explanation:
First we subtract the cost from the selling price.
137.17 - 122 = 15.17
We have found the tax amount, now for the tax rate.
If tax rate is x, then
122 * x = 137.17
Divide both sides by 122 to get
x = 137.17/122 = 1.124, or .124.
Then convert into percentage by moving the decimal to the right 2 times.
.124 = 12.4%
Hope this helps you
