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3 years ago

Guy took out a 10-year loan for $63,000 at an APR of 10.9%, compounded

Mathematics

1 answer:

astra-53 [7]3 years ago

3 0

Answer: Wilber would save more, because he borrowed $15,000 more in principal.

Step-by-step explanation:

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2 years ago

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answer key

78.4

Step-by-step explanation:

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2 years ago

Telemarketing. the probability that a call will reach a live person is 0.2. the calls are independent. (a) a telemarketer places

Sergeeva-Olga [200]

Solution: Telemarketing. the probability that a call will reach a live person is 0.2. the calls are independent. (a) a telemarketer places 5 calls. what is the probability that none of them reaches a live person.

Answer: The given random experiment can be considered as binomial experiment with probability of success = 0.2 and number of trials = 5

Therefore, we have:

$n=5,p=0.2,q=(1-p)=1-0.2=0.8$

Let x be the number calls that reach to live person.

We have to find $P(x=0)$

Using the binomial probability distribution, we have:

$P(x=0)=\binom{5}{0}0.2^{0} (1-0.2)^{5-0}$

$=1 \times 1 \times 0.8^{5}$

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Therefore, the probability that none of them reaches a live person is 0.3277

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2 years ago

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Answer:

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Step-by-step explanation:

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