For estimation purposes, the shape formed by the sectors is considered to be a parallelogram. Which statement is true?
2 answers:
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The table of the probability is missing, so i have attached it.
Answer:
μ = 0.919
The interpretation of this is that;on the average, an individual aged 15 years or older has been involved in 0.919 marriages.
Step-by-step explanation:
The expected value which is also called mean value is denoted by the symbol μ. It is defined as the sum of the product of each possibility x with it's probability P(x) as the formula;
μ = Σx.P(x) = (0 × 0.272) + (1 × 0.575) + (2 × 0.121) + (3 × 0.027) + (4 × 0.004) + (5 × 0.001)
μ = 0.919
Thus, the interpretation of this is that;on the average, an individual aged 15 years or older has been involved in 0.919 marriages.
The person would have to leave the money in the bank for 7.8 years for it to reach 13,500 dollars.
Step-by-step explanation:
Step 1; First we must calculate how much interest is generated for a single year. The annual interest rate is 4.5% i.e. 4.5% of 10,000 dollars which equals 0.045 × 10,000 = 450 dollars a year. As the years pass, more and more will be put into the account due to interest.
Step 2; For there to be 13,500 dollars in the bank account we need to calculate how much money is added due to interest.
The money needed to be added through interest = 13,500 - 10,000 = 3,500 dollars.
So we need to determine how long it will take for the bank to add 3,500 dollars by adding 450 dollars a year.
The number of years to reach 13,500 dollars = = 7.777 years. By rounding this value to the nearest tenth, we get 7.8 years.