Jeremy looked at this table of prices and said the cost for renting a bike is $7.00 per hour.
2 answers:
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Answer:
And we can find the individual probabilities:
And replacing we got:
Step-by-step explanation:
Previous concepts
The binomial distribution is a "DISCRETE probability distribution that summarizes the probability that a value will take one of two independent values under a given set of parameters. The assumptions for the binomial distribution are that there is only one outcome for each trial, each trial has the same probability of success, and each trial is mutually exclusive, or independent of each other".
Solution to the problem
Let X the random variable of interest, on this case we now that:
The probability associated to a failure would be p =1-0.09 = 0.91
The probability mass function for the Binomial distribution is given as:
Where (nCx) means combinatory and it's given by this formula:
And we want to find this probability:
And we can find the individual probabilities:
And replacing we got:
Same case as Pablo's, more or less.
a = price for the desktop
b = price for the laptop
we know the laptop is 150 bucks more than the desktop, b = a + 150.
how much is 7% of a? (7/100) * a, 0.07a.
how much is 9.5% of b? (9.5/100) * b, 0.095b.
total interests for the financing add up to 303, 0.07a + 0.095b = 303.
how much was it for the laptop? well b = a + 150.
a = price for the desktop
b = price for the laptop
we know the laptop is 150 bucks more than the desktop, b = a + 150.
how much is 7% of a? (7/100) * a, 0.07a.
how much is 9.5% of b? (9.5/100) * b, 0.095b.
total interests for the financing add up to 303, 0.07a + 0.095b = 303.
how much was it for the laptop? well b = a + 150.