Answer: There are 24 more payments made.
Step-by-step explanation:
In a 5 year loan there is 60 months
In a 3 year loan there is 36 months.
If you want it in mixed number form it is
8 1/30
Decimal form is
8.03
I don’t know the gap at the beginning but the answer is c
Answer:
0.026
Step-by-step explanation:
Given the result of 10 coin flips :
T,T,H,T,H,T,T,T,H,T
Number of Heads, H = 3
Number of tails, T = 7
Let :
B = biased coin
B' = non-biased coin
E = event
Probability that it is the biased coin:
P(E Given biased coin) / P(E Given biased coin) * P(E Given non-biased coin) * P(non-biased coin)
P(E|B)P(B) / (P(E|B)*P(B) + P(E|B')P(B')
([(0.75^3) * (0.25^7)] * 0.5) /([(0.75^3) * (0.25^7)] * 0.5) + (0.5^10) * 0.5
0.0000128746 / 0.00050115585
= 0.0263671875
