Sofia is buying new skis. She finds that the average price of skis is $500 but the actual price could differ from the average as
1 answer:
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Answer:
A) $8200.
B) 16.4%
Step-by-step explanation:
Here is the complete question: An investment firm invested in two companies last year. They invested $40,000 in company A and made a profit of 15%. They invested $10,000 in company B and made a profit of 22%.
A) What is the investment firms total profit?
B) What is the percent profit of the total investment?
Given: Company A invested $40000 and made profit of 15%
Company B invested $10000 and made profit of 22%
A) First lets find the profit of company A and B.
Company A=
∴ Profit of company A is $6000.
Company B=
∴ Profit of company B is $2200.
Total profit= profit of company A+ profit of company B
⇒
∴ Total Profit=
Hence, the total profit of investment firm is $8200.
B) Now finding the percentage of total profit made by firm.
Total investment by the firm=
∴ Total investment done by the firm is $50000.
Percent of profit=
⇒ Percent of profit=
⇒ Percent of profit=
Hence, 16.4% is the percent profit of the total investment.
Answer:
<u></u>
- <u>a) P(X=1) = 0.302526</u>
- <u>b) P(X=5) = 0.010206</u>
- <u>c) P(X=3) = 0.18522</u>
- <u>d) P(X≤3) = 0.92953</u>
- <u>e) P(X≥5) = 0.010935</u>
- <u>f) P(X≤4) = 0.989065</u>
Explanation:
Binomial experiments are modeled by the formula:
Where
- P(X=x) is the probability of exactly x successes
- p is the probability of one success, which must be the same for every trial, and every trial must be independent of other trial.
- n is the number of trials
- 1 - p is the probability of fail
- there are only two possible outcomes for each trial: success or fail.
<u>a.) P (x=1)</u>
<u></u>
<u>b.) P (x=5)</u>
<u>c.) P (x=3)</u>
Using the same formula:
<u>d.) P (x less than or equal to 3)</u>
- P(X≤3)= P(X=3) + P(X=2) + P(X=1) + P(X=0)
Also,
- P(X≤3) = 1 - P(X≥4) = 1 - P(X=4) - P(X=5) - P(X=6)
You can use either of those approaches. The result is the same.
Using the second one:
- P(X=4) = 0.059335
- P(X=5) = 0.010206
- P(X=6) = 0.000729
- P(X≤3) = 1 - 0.05935 - 0.010206 - 0.000729 = 0.92953
<u>e.) P(x greather than or equal to 5)</u>
- P(X≥5) = P(X=5) + P(X=6)
- P(X≥5) = 0.010206 + 0.000729 = 0.010935
<u>f.) P(x less than or equal 4)</u>
- P(X≤4) = 1 - P(X≥5) = 1 - P(X=5) - P(X=6)
- P(X≤4) = 1 - 0.010206 - 0.000729 = 0.989065