Answer:
$113.08
Step-by-step explanation:
The formula for calculating future value:
FV = P (1 + r/m)^mn
FV = Future value
P = Present value
R = interest rate
N = number of years
m = number of compounding
14,000(1.12)^2 = 17,561.60
14,000 ( 1 + 0.12/2)^(2x2) = 17674.68
Difference : 17674.68 -
17,561.60 = $113.08
Answer:
-3c^8
Step-by-step explanation:
The awnsser is 9..................
Answer:
The probability that the intersection will come under the emergency program is 0.1587.
Step-by-step explanation:
Lets divide the problem in months rather than in years, because it is more suitable to divide the period to make a better approximation. If there were 36 accidents in average per year, then there should be 3 accidents per month in average. We can give for the amount of accidents each month a Possion distribution with mean 3 and variance 3.
Since we want to observe what happen in a period of one year, we will use a sample of 12 months and we will take its mean. We need, in average, more than 45/12 = 3.75 accidents per month to confirm that the intersection will come under the emergency program.
For the central Limit theorem, the sample mean will have a distribution Normal with mean 3 and variance 3/12 = 0.25; thus its standard deviation is √0.25 = 1/2.
Lets call the sample mean distribution X. We can standarize X obtaining a standard Normal random variable W with distribution N(0,1).

The values of
, the cummulative distribution function of W, can be found in the attached file. We are now ready to compute the probability of X being greater than 3.75, or equivalently, the probability than in a given year the amount of accidents is greater than 45, leading the intersection into an emergency program
