A bag of marbles has 5 blue marbles, 3 red marbles, and 6 yellow marbles. A marble is drawn from the bag at random . How many po
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Answer:
The mean number of adults who would have bank savings accounts is 32.
Step-by-step explanation:
For each adult surveyed, there are only two possible outcomes. Either they have bank savings accounts, or they do not. So we use the binomial probability distribution to solve this problem.
Binomial probability distribution
Probability of exactly x sucesses on n repeated trials, with p probability.
The expected value of the binomial distribution is:
In this problem, we have that:
If we were to survey 50 randomly selected adults, find the mean number of adults who would have bank savings accounts.
This is E(X) when .
So
The mean number of adults who would have bank savings accounts is 32.
Answer:
It will take 146 days to earn an interest of $80.
Step-by-step explanation:
The simple interest formula is:
It is provided that:
I = $80
P = $4,000
r = 5% p.a.
Compute the time required as follows:
Thus, it will take 146 days to earn an interest of $80.