Sebastian and his family picked 4 1/4 bushels of red apples and 2 5/6 of green apples at the orchard. How many more red apples w
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Answer:
The probability of getting two consumers comfortable with drones is 0.3424.
Step-by-step explanation:
The probability that a consumer is comfortable having drones deliver their purchases is, <em>p</em> = 0.43.
A random sample of <em>n</em> = 5 consumers are selected, and exactly <em>x</em> = 2 of them are comfortable with the drones.
To compute the probability of getting two consumers comfortable with drones followed by three consumers not comfortable, we will use the Binomial distribution instead of the multiplication rule to find the probability.
This is because in this case we need to compute the number of possible combinations of two consumers who are comfortable with drones.
So, <em>X</em> = number of consumers comfortable with drones, follows a Binomial distribution with parameters <em>n</em> = 5 and <em>p</em> = 0.43.
Compute the probability of getting two consumers comfortable with drones as follows:
Thus, the probability of getting two consumers comfortable with drones is 0.3424.
Since represents the number of years passed since 2005, in 2005 we have
, and in 2015 we have
. Let
represent the profits of Jones and Davis, respectively, at year y.
We have
Choosing the best company somehow depends on how much time you can wait: Jones start with a higher value (10 vs 8), but it has a descending trend, because the multiplicative factor goes to zero as t grows.
On the other hand, Davis starts with a smaller value, but tends to infinity as t grows.
So, if you need an immediate result, the most valuable company is Jones, otherwise you're certain can Davis will eventually become bigger.
More precisely, we have
So, after 11 years, Davis will overcome Jones.