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Anni [7]
3 years ago
7

Mike's grandmother opened a savings account in Mike's name and deposited some money into the account. The account pays an annual

simple interest rate of 7%. After 11 years, the interest earned on the account was $4,620. How much money did Mike's grandmother deposit in the account?
$6,000
$6,500
$7,000
$5,000
Mathematics
1 answer:
fenix001 [56]3 years ago
3 0
P=4620/(0.07*11)
P==6,000
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Yuliya22 [10]

Answer:

0.337 = 33.7% probability that one of the eight children has a food allergy.

Step-by-step explanation:

For each children, there are only two possible outcomes. Either they have a food allergy, or they do not. The probability of a child having food allergy is independent of any other child. This means that we use the binomial probability distribution to solve this question.

Binomial probability distribution

The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.

P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}

In which C_{n,x} is the number of different combinations of x objects from a set of n elements, given by the following formula.

C_{n,x} = \frac{n!}{x!(n-x)!}

And p is the probability of X happening.

7% of U.S. children 4 years of age or younger have a food allergy.

This means that p = 0.07

A day care program has capacity for 8 children in that age range.

This means that n = 8

What is the probability that one of the eight children has a food allergy?

This is P(X = 1).

P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}

P(X = 1) = C_{8,1}.(0.07)^{1}.(0.93)^{7} = 0.337

0.337 = 33.7% probability that one of the eight children has a food allergy.

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Final answer is *drumroll******

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Answer:

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