Answer: $2936.27
Step-by-step explanation:
Present value = $1663
Rate = 5.5%
Time(n) = 19years
Future value= PV(1+r)^n
= 1663(1+5.5%)^19
= 1663(1.055)^19
=1663 × 2.766
=4599.86
Interest = Future value - Present value
= $4599 - $1663
= 2936
Answer:
The probability that there are 2 or more fraudulent online retail orders in the sample is 0.483.
Step-by-step explanation:
We can model this with a binomial random variable, with sample size n=20 and probability of success p=0.08.
The probability of k online retail orders that turn out to be fraudulent in the sample is:

We have to calculate the probability that 2 or more online retail orders that turn out to be fraudulent. This can be calculated as:
![P(x\geq2)=1-[P(x=0)+P(x=1)]\\\\\\P(x=0)=\dbinom{20}{0}\cdot0.08^{0}\cdot0.92^{20}=1\cdot1\cdot0.189=0.189\\\\\\P(x=1)=\dbinom{20}{1}\cdot0.08^{1}\cdot0.92^{19}=20\cdot0.08\cdot0.205=0.328\\\\\\\\P(x\geq2)=1-[0.189+0.328]\\\\P(x\geq2)=1-0.517=0.483](https://tex.z-dn.net/?f=P%28x%5Cgeq2%29%3D1-%5BP%28x%3D0%29%2BP%28x%3D1%29%5D%5C%5C%5C%5C%5C%5CP%28x%3D0%29%3D%5Cdbinom%7B20%7D%7B0%7D%5Ccdot0.08%5E%7B0%7D%5Ccdot0.92%5E%7B20%7D%3D1%5Ccdot1%5Ccdot0.189%3D0.189%5C%5C%5C%5C%5C%5CP%28x%3D1%29%3D%5Cdbinom%7B20%7D%7B1%7D%5Ccdot0.08%5E%7B1%7D%5Ccdot0.92%5E%7B19%7D%3D20%5Ccdot0.08%5Ccdot0.205%3D0.328%5C%5C%5C%5C%5C%5C%5C%5CP%28x%5Cgeq2%29%3D1-%5B0.189%2B0.328%5D%5C%5C%5C%5CP%28x%5Cgeq2%29%3D1-0.517%3D0.483)
The probability that there are 2 or more fraudulent online retail orders in the sample is 0.483.
Answer:
27/14
Step-by-step explanation:
you can cross multiply and simplify before you start. that way it makes it a lot easier
Answer:
429
Step-by-step explanation:
312/800 = .39
1100 x .39 = 429
I’m not so sure i’m sorry