Amount of money at the end of period. $14,000 per year for 15 years with 7% interest, compounded semiannually
1 answer:
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Answer:
0.40951
Step-by-step explanation:
P(none in five years) = 1 - 0.1 = 0.9
P(at least one) = 1 - P(none in five years)
= 1 -
= 1 - 0.59049
= 0.40951
So the probability of a hurricane hit at least once in the next 5 years is 0.40951
Just isolate f.. buy getting it alone on one side or the other
