Answer:
0.173 probability that she gets exactly three questions correct.
Step-by-step explanation:
For each question, there are only two possible outcomes. Either she guesses the correct answer, or she does not. The probability of guessing the correct answer for a question is independent of other questions. So we use the binomial probability distribution to solve this question.
Binomial probability distribution
The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.
In which 
is the number of different combinations of x objects from a set of n elements, given by the following formula.
And p is the probability of X happening.
Seven questions:
This means that 
Each question has four choices.
Abby guesses, which means that 
Find the probability to the nearest thousandth, that Abby gets exactly three questions correct.
This is P(X = 3).
Use the PACED decision-making process to make a decision or make a choice. The steps to follow when making a decision can be easily remembered when you use the word PACED:
P - What is the PROBLEM - Why is there a need to make a choice?
A - What are the ALTERNATIVES - What are the possible choices available?
C - Establish the CRITERIA - Why is one choice better than the other?
E - EVALUATE the alternatives - How well does each choice meet the criteria?
D - Make a DECISION - What is the best choice?
Answer: 26.5cm2
Step-by-step explanation:
Answer: Simple interest rate = 3%.
Step-by-step explanation: We are given invested amount = $5000.
Number of years of investment = 4 years.
Interest earned = $600.
Simple interest formula.
I = P R T.
Where I is the earned interest, P is the invested amount , R is the rate of interest and T is the time in years.
Plugging values in formula, we get
600 = 5000 × R × 4
600 = 20000R.
Dividing both sides by 20000, we get
0.03 = R.
Multiplying by 100 to convert it in percentage, we get
0.03 × 100 = R
R = 3 %.
