Do you have to multiply by 2 on circumference
1 answer:
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Answer:
No, he is wrong.
Step-by-step explanation:
Since, the total payment of a loan after t years,
Where,
P = present value of the loan,
r = rate per period ,
n = number of periods,
Given,
P = $165,000,
In loan 1 :
r = 3% = 0.03, t = 15 years,
So, the total payment of the loan is,
In loan 2 :
r = 4% = 0.04, t = 30 years,
So, the total payment of the loan is,
Since,
Hence, total amount repaid over the loan will be less for Loan 1.
That is, the friend is wrong.
Answer:
The probability that the wait time is greater than 14 minutes is 0.4786.
Step-by-step explanation:
The random variable <em>X</em> is defined as the waiting time to be seated at a restaurant during the evening.
The average waiting time is, <em>β</em> = 19 minutes.
The random variable <em>X</em> follows an Exponential distribution with parameter .
The probability distribution function of <em>X</em> is:
Compute the value of the event (<em>X</em> > 14) as follows:
Thus, the probability that the wait time is greater than 14 minutes is 0.4786.