Answer:
Answer 1: <u>$6,289</u>
Answer 2: <u>$198</u>
Step-by-step explanation:
1-
a(10)=10,000(1+.05)^10
=16,288.95 =16,288-10,000=<u>$6,289</u>
2-
A(t)=pe^rt=a(10)=10,000e^(.05)(10)=16,487-10,000=6487
6487-6289=<u>$198</u>
You take the decimal of say .48 and pull the it back so it would be 48%
Answer:
Step-by-step explanation:
d is true
Answer:
Total possible number of outcomes = C(24,6) [24 choose 6]
=24!/(6!18!)
= 134596
Out of which there is only one winning combination.
Therefore we conclude:
P(win 20000)=1/134596
P(lose 1)=134595/134596
and hence the expected value is:
20000*(1/134596)+(-1)*(134595/134596)
=-114595/134596
=-0.8514 (rounded to four places after decimal)
Step-by-step explanation:
Hope this helped!
