Answer:
Algae
Step-by-step explanation:
I just know this I don't know if an explanation is needed..
Answer:
-3±√89/10
Step-by-step explanation:
The number of companies is quite large. That is, n is quite large.
The probability that a company declares bankruptcy is quite small , p is quite small.
np = the mean number of bankruptcies = 2 = a finite number.
Hence we can apply Poisson distribution for the data.
P (x=5 | mean =2) = e-2 25/5! = e-2 * 32/120 = 0.036089
Alternatively
=poisson(5,2,0) = 0.036089
P(x≥ 5 | mean =2) = 1- P( x ≤ 4) = 1- e-2 (1+2+22/2!+23/3!+24/4!)= 1-e-2 (1+2+2+8/6+16/24)= 1-e-2(7)
=0.052653
Alternatively
= 1- poisson(4,2,1) =0.052653
P(X > 5 | mean =2) = 1- p(x
≤ 5) =1- e-2 (1+2+22/2!+23/3!+24/4!+25/5!)= 1-e-2(7+4/15)
=0.016564
alternatively=1-poisson(5,2,1)
=0.016564
Answer: a. They can find the present value of the remaining 20 years worth of payments.
Step-by-step explanation:
The present value of the payments for the servicing of the loan is the amount of the loan that is still owed because the payments include both the interest and the principal repayments.
The Schmidts can therefore find out the amount they still owe by checking the present value of the remaining 20 years worth of payments.
As the payments are usually constant they can be treated as an annuity so using the monthly payment as the annuity, the interest rate as the discount rate and the 20 years ( 240 months) as the period, they should be able to find the present value of the loan.
