The following data show the number of pairs of men's New Balance sneakers that were sold over the last 25 weeks at a discount sh
oe store.1 4 6 6 8 8 9 11 1111 12 12 14 14 14 15 17 1717 19 19 20 21 24 24Construct a relative frequency distribution for this data and determine the probability that between 6 to 10 pairs of New Balance shoes will be sold next week.
1 answer:
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Amount owed at the end of 1 year is 3640
<h3><u>Solution:</u></h3>Given that yoko borrows $3500.
Rate of interest charged is 4% compounded each year
Need to determine amount owed at the end of 1 year.
In our case :
Borrowed Amount that is principal P = $3500
Rate of interest r = 4%
Duration = 1 year and as it is compounded yearly, number of times interest calculated in 1 year n = 1
<em><u>Formula for Amount of compounded yearly is as follows:</u></em>
Where "p" is the principal
"r" is the rate of interest
"n" is the number of years
Substituting the values in above formula we get
Hence amount owed at the end of 1 year is 3640
Answer:
1c
1d
Step-by-step explanation:
From the question we are told that
The probability of telesales representative making a sale on a customer call is
The mean is
Generally the distribution of sales call made by a telesales representative follows a binomial distribution
i.e
and the probability distribution function for binomial distribution is
Here C stands for combination hence we are going to be making use of the combination function in our calculators
Generally the mean is mathematically represented as
=>
=>
Generally the least number of calls that need to be made by a representative for the probability of at least 1 sale to exceed 0.95 is mathematically represented as
=>
=>
=>
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taking natural log of both sides
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