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PSYCHO15rus [73]
3 years ago
9

Carly bought a new house for $125,000. The value of the house appreciates approximately 3.5% each year. What will be the value o

f the house after 10 years?
Mathematics
2 answers:
mixer [17]3 years ago
6 0
For 1 year, the house appreciates $4375 (3.5% of 125,000). Therefore after 10 years, $4375(10) = $43750. $125,000+ $43750 = $168,750.
laiz [17]3 years ago
6 0
Y=125,000 (1+.035)^10
Y=125,000 (1.035)^10
Y=125,000 (1.410598716) or 125,000 (1.41)
Y= $176324.85 or $176250
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In the following problem, check that it is appropriate to use the normal approximation to the binomial. Then use the normal dist
Marrrta [24]

Answer:

a) Bi [P ( X >=15 ) ] ≈ 0.9944

b) Bi [P ( X >=30 ) ] ≈ 0.3182

c)  Bi [P ( 25=< X =< 35 ) ] ≈ 0.6623

d) Bi [P ( X >40 ) ] ≈ 0.0046  

Step-by-step explanation:

Given:

- Total sample size n = 745

- The probability of success p = 0.037

- The probability of failure q = 0.963

Find:

a. 15 or more will live beyond their 90th birthday

b. 30 or more will live beyond their 90th birthday

c. between 25 and 35 will live beyond their 90th birthday

d. more than 40 will live beyond their 90th birthday

Solution:

- The condition for normal approximation to binomial distribution:                                                

                    n*p = 745*0.037 = 27.565 > 5

                    n*q = 745*0.963 = 717.435 > 5

                    Normal Approximation is valid.

a) P ( X >= 15 ) ?

 - Apply continuity correction for normal approximation:

                Bi [P ( X >=15 ) ] = N [ P ( X >= 14.5 ) ]

 - Then the parameters u mean and σ standard deviation for normal distribution are:

                u = n*p = 27.565

                σ = sqrt ( n*p*q ) = sqrt ( 745*0.037*0.963 ) = 5.1522

- The random variable has approximated normal distribution as follows:

                X~N ( 27.565 , 5.1522^2 )

- Now compute the Z - value for the corrected limit:

                N [ P ( X >= 14.5 ) ] = P ( Z >= (14.5 - 27.565) / 5.1522 )

                N [ P ( X >= 14.5 ) ] = P ( Z >= -2.5358 )

- Now use the Z-score table to evaluate the probability:

                P ( Z >= -2.5358 ) = 0.9944

                N [ P ( X >= 14.5 ) ] = P ( Z >= -2.5358 ) = 0.9944

Hence,

                Bi [P ( X >=15 ) ] ≈ 0.9944

b) P ( X >= 30 ) ?

 - Apply continuity correction for normal approximation:

                Bi [P ( X >=30 ) ] = N [ P ( X >= 29.5 ) ]

- Now compute the Z - value for the corrected limit:

                N [ P ( X >= 29.5 ) ] = P ( Z >= (29.5 - 27.565) / 5.1522 )

                N [ P ( X >= 29.5 ) ] = P ( Z >= 0.37556 )

- Now use the Z-score table to evaluate the probability:

                P ( Z >= 0.37556 ) = 0.3182

                N [ P ( X >= 29.5 ) ] = P ( Z >= 0.37556 ) = 0.3182

Hence,

                Bi [P ( X >=30 ) ] ≈ 0.3182  

c) P ( 25=< X =< 35 ) ?

 - Apply continuity correction for normal approximation:

                Bi [P ( 25=< X =< 35 ) ] = N [ P ( 24.5=< X =< 35.5 ) ]

- Now compute the Z - value for the corrected limit:

                N [ P ( 24.5=< X =< 35.5 ) ]= P ( (24.5 - 27.565) / 5.1522 =<Z =< (35.5 - 27.565) / 5.1522 )

                N [ P ( 24.5=< X =< 25.5 ) ] = P ( -0.59489 =<Z =< 1.54011 )

- Now use the Z-score table to evaluate the probability:

                P ( -0.59489 =<Z =< 1.54011 ) = 0.6623

               N [ P ( 24.5=< X =< 35.5 ) ]= P ( -0.59489 =<Z =< 1.54011 ) = 0.6623

Hence,

                Bi [P ( 25=< X =< 35 ) ] ≈ 0.6623

d) P ( X > 40 ) ?

 - Apply continuity correction for normal approximation:

                Bi [P ( X >40 ) ] = N [ P ( X > 41 ) ]

- Now compute the Z - value for the corrected limit:

                N [ P ( X > 41 ) ] = P ( Z > (41 - 27.565) / 5.1522 )

                N [ P ( X > 41 ) ] = P ( Z > 2.60762 )

- Now use the Z-score table to evaluate the probability:

               P ( Z > 2.60762 ) = 0.0046

               N [ P ( X > 41 ) ] =  P ( Z > 2.60762 ) = 0.0046

Hence,

                Bi [P ( X >40 ) ] ≈ 0.0046  

4 0
3 years ago
Newberg City Cafe recently introduced a new flavor of coffee. They served 23 grande cups and 51 jumbo cups of the new coffee tod
yuradex [85]

Answer:

Grand coffee cup = 1469 gm

Jumbo coffee cup = 60 gm

Step-by-step explanation:

Let x be the grande coffee cup and y be the jumbo coffee cup.

Solution:

From the first statement. They served 23 grande cups and 51 jumbo cups of the new coffee today, which equal a total of 36,846 grams.

So, the equation is.

23x+51y = 36846 ---------(1)

From the second statement. They served 58 grande cups and 68 jumbo cups of the new coffee tomorrow, which equal a total of 59460 grams.

58x+68y=59460 ----------(2)

Solve the equation 1 for x.

23x = 36846-51y

x=\frac{36846}{23}-\frac{51}{23}y

x=1602-\frac{51}{23}y ---------(3)

Substitute x=1602-\frac{51}{23}y in equation 2.

58(1602-\frac{51}{23}y)+68y=59460

92916-\frac{51\times 58}{23}y+68y=59460

-\frac{2958}{23}y+68y=59460-92916

\frac{-2958+1564}{23}y=-33456  

\frac{-1394}{23}y=-33456

Using cross multiplication.

y=\frac{-23\times 33456}{-1394}

y = 55.99

y ≅ 60 gram

Substitute y = 60 in equation 3.

x=1602-\frac{51}{23}\times 60

x=1602-\frac{3060}{23}

x=1602-133.04

x = 1469 grams

Therefore, grand coffee cup = 1469 gm and jumbo coffee cup = 60 gm

7 0
3 years ago
Irina ran 0.25 mile in 2 minutes. At this rate, how many minutes will it take her to run 2 miles?
scoray [572]

Answer:

16

Step-by-step explanation:

 2/0.25 = 8

2 x 8 = 16

4 0
3 years ago
Read 2 more answers
Identify the vertex of the quadratic function in standard form y=2x^2 -16x+31
lapo4ka [179]

Answer:

(4,1)

Step-by-step explanation:

The vertex of the quadratic can be found using -b/2a. The vertex is the point (-b/2a, f(-b/2a)).

To find the x coordinate of the quadratic, define its a,b, and c. The quadratic has a = 2, b=-16, and c=31. Then -b/2a is -(-16)/2(2) = 16/4 = 4.

To find the y-coordinate, input the x=4 and solve for y.

y=2(4)^2-16(4)+31\\y=2(16)-64+31\\y=32-64+31\\y=1

The vertex is (4,1).

8 0
3 years ago
Please help! Limited time
Sidana [21]

I think the answer would 28

8 0
3 years ago
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