1 answer:
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Answer:
see the attachments below
Step-by-step explanation:
When the calculations are repetitive using the same formula, it is convenient to put the formula into a spreadsheet and let it do the calculations.
That is what was done for the spreadsheet below. The formula used is the one given in the problem statement.
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For doubling time, the formula used is the one shown in the formula bar in the attachment. (For problem 11, the quarterly value was used instead of the monthly value.) It makes use of the growth factor for the period used for the rest of the problem.
The doubling time is in years.
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The doubling time can also be found using a graphing calculator. In the second attachment, we have written a function that shows the multiplier for a given interest rate r and compounding n. The x-intercept in each case is the solution for t that makes the multiplier be 2. The steeper curve is associated with the higher interest rate.
Answer:
0.0498 = 4.98%
Step-by-step explanation:
In a Poisson distribution, the probability that X represents the number of successes of a random variable is given by the following formula:
In which
x is the number of sucesses
e = 2.71828 is the Euler number
is the mean in the given time interval.
Inquiries arrive at a record message device according to a Poisson process of rate 15 inquiries per minute.
Each minute has 60 seconds.
So a rate of 1 inquire each 4 seconds.
The probability that it takes more than 12 seconds for the first inquiry to arrive is approximately
Mean of 1 inquire each 4 seconds, so for 12 seconds
This probability is P(X = 0).