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Shtirlitz [24]
3 years ago
13

A bank is advertising the following savings account.

Mathematics
1 answer:
Vlad1618 [11]3 years ago
8 0

Answer:

6.66%

Step-by-step explanation:

((1 + r/m)^n) - 1

Interest rate , r = 6.5%

m = number of compounding times per period = 4 (quarterly interest)

((1 + 0.065/4)^4) - 1

((1 + 0.01625) ^4) - 1

((1.01625)^4) - 1

1.06660 - 1

= 0.0666

0.0666 * 100%

= 6.66%

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To find out how many kilometres they ran in all you have to do 1.43+2.7 =4.13

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3 years ago
Select the equivalent expression
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3 years ago
A video game was originally priced at $60.
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3 years ago
What should I buy? A study conducted by a research group in a recent year reported that of cell phone owners used their phones i
Llana [10]

Answer:

The probability that seven or more of them used their phones for guidance on purchasing decisions is 0.7886.

<em />

Step-by-step explanation:

<em>The question is incomplete:</em>

<em>What should I buy? A study conducted by a research group in a recent year reported that 57% of cell phone owners used their phones inside a store for guidance on purchasing decisions. A sample of 14 cell phone owners is studied. Round the answers to at least four decimal places. What is the probability that seven or more of them used their phones for guidance on purchasing decisions? </em>

We can model this as a binomial random variable, with p=0.57 and n=14.

P(x=k)=\dbinom{n}{k} p^{k}q^{n-k}

a) We have to calculate the probability that seven or more of them used their phones for guidance on purchasing decisions:

P(x\geq7)=\sum_{k=7}^{14}P(x=k)\\\\\\

P(x=7)=\dbinom{14}{7} p^{7}q^{7}=3432*0.0195*0.0027=0.1824\\\\\\P(x=8) = \dbinom{14}{8} p^{8}q^{6}=3003*0.0111*0.0063=0.2115\\\\\\P(x=9) = \dbinom{14}{9} p^{9}q^{5}=2002*0.0064*0.0147=0.1869\\\\\\P(x=10) = \dbinom{14}{10} p^{10}q^{4}=1001*0.0036*0.0342=0.1239\\\\\\P(x=11) = \dbinom{14}{11} p^{11}q^{3}=364*0.0021*0.0795=0.0597\\\\\\P(x=12) = \dbinom{14}{12} p^{12}q^{2}=91*0.0012*0.1849=0.0198\\\\\\P(x=13) = \dbinom{14}{13} p^{13}q^{1}=14*0.0007*0.43=0.004\\\\\\

P(x=14) = \dbinom{14}{14} p^{14}q^{0}=1*0.0004*1=0.0004\\\\\\

P(x\geq7)=0.1824+0.2115+0.1869+0.1239+0.0597+0.0198+0.004+0.0004\\\\P(x\geq7)=0.7886

7 0
3 years ago
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