Pretty sure it’s the fourth option
Answer:
Malcolm is showing evidence of gambler's fallacy.
This is the tendency to think previous results can affect future performance of an event that is fundamentally random.
Step-by-step explanation:
Since each round of the roulette-style game is independent of each other. The probability that 8 will come up at any time remains the same, equal to the probability of each number from 1 to 10 coming up. That it has not come up in the last 15 minutes does not increase or decrease the probability that it would come up afterwards.
Answer:
$70,201.38
Step-by-step explanation:
To determine the principal amount, we can use the formula:
A = $200,000
r = 7% or 0.07
t = 15 years
n = 12
Now let's substitute our values.
So the principal needed to get 200,000 in 15 years is $70,201.38.
