Our P = 100, r = .08, n = 1 (annually means once a year), and t = 15. Filling in accordingly, we have

. Simplifying a bit gives us

and

. Raising that number inside the parenthesis to the 15th power gives us

. Multiplying to finish means that A(t) = $317.22
Answer:
X=3
Step-by-step explanation:
12+2x=6x
Answer:
π
Step-by-step explanation:
Answer:
The probability that the time between the next two calls is between 3 minutes and 7 minutes is 0.2442.
Step-by-step explanation:
Let <em>X</em> = time between calls made to Amazon's customer service.
The average time between calls is, <em>β</em> = 10 minutes.
The random variable <em>X</em> follows an Exponential distribution with parameter 
The probability distribution function of <em>X</em> is:

Compute the probability that the time between the next two calls is between 3 minutes and 7 minutes as follows:

Thus, the probability that the time between the next two calls is between 3 minutes and 7 minutes is 0.2442.