Answer:
Option C)
Step-by-step explanation:
We are given the following in the question:
I is the annual income of a person in a country R
2 percent of one’s annual income =
1 percent of one’s annual income =
Average of 100 units of Country R’s currency and 1 percent of one’s annual income.
Income tax =
2 percent of one’s annual income + Average of 100 units of Country R’s currency and 1 percent of one’s annual income.
Thus, income tax is given by
Option C)
Answer:
a)
The probability mass function for the Binomial distribution is given as:
Where (nCx) means combinatory and it's given by this formula:
The expected value is given by this formula:
b)
Step-by-step explanation:
Previous concepts
The binomial distribution is a "DISCRETE probability distribution that summarizes the probability that a value will take one of two independent values under a given set of parameters. The assumptions for the binomial distribution are that there is only one outcome for each trial, each trial has the same probability of success, and each trial is mutually exclusive, or independent of each other".
Part a
Let X the random variable of interest, on this case we now that:
The probability mass function for the Binomial distribution is given as:
Where (nCx) means combinatory and it's given by this formula:
The expected value is given by this formula:
Part b
For this case we want this probability:
The probability mass function for the Binomial distribution is given as:
Where (nCx) means combinatory and it's given by this formula:
And using this function we got: