Answer:
Step-by-step explanation:
CI = 624 x 1.05 ^3 =722.358 for whole investment 722.36-624 =98.36 for interest only
or for interest only do 624 x .05^3 = 98.36
Standard interest is done like this
year 1 = 624 x 1.05 = 655.20
655.20-624 = 31.20
year 2 = 655.20 + 31.20 = 686.40
year 3 = 686.40 + 31.20 = 717.60
total interest = 717.60-624 = 93.60
So standard interest is the method you have done they may be asking for either compound interest which is the first one or asking for whole investment which means you need to also add 624 at end for Standard interest.
if you need CI interest do the top one.
100%-30%=70%
100%+30%=130%
to decrese by 30%, multiply by 70%
to increase by 30%, multiply by 130%
Answer:
a. The mean would be 0.067
The standard deviation would be 0.285
b. Would be of 1-e∧-375
c. The probability that both of them will be gone for more than 25 minutes is 1-e∧-187.5
d. The likelihood of at least of one of the taxis returning within 25 is 1-e∧-375
Step-by-step explanation:
a. According to the given data the mean and the standard deviation would be as follows:
mean=1/β=1/15=0.0666=0.067
standard deviation=√1/15=√0.067=0.285
b. To calculate How likely is it for a particular trip to take more than 25 minutes we would calculate the following:
p(x>25)=1-p(x≤25)
since f(x)=p(x≤x)=1-e∧-βx
p(x>25)=1-p(x≤25)=1-e∧-15x25=1-e∧-375
c. p(x>25/2)=1-p(x≤25/2)=1-e∧-15x25/2=1-e∧-187.5
d. p(x≥25)=1-e∧-15x25=1-e∧-375
Answer:
4
Step-by-step explanation:
