Answer:
The correct answer is 0.15
Step-by-step explanation:
According to the given scenario, the probability is as follows:
X
Bin (n,p)
Here
n = 8
p = 0.20 or 20%
Now this is a binomial probability distribution

= 0.15
Hence, the correct answer is 0.15
The length is 30 meters and the width is 12 meters.
P = A/D, Where P = Monthly payments, A = Total amount owed = 15,000-1,500 = $13,500,

r = 5% = 0.05, nt = 12*3 = 36
Therefore,
D =

= 33.37
Then,
P = 13,500/44.37 = $404.61
The correct answer is c.