9514 1404 393
Answer:
$129,992
Step-by-step explanation:
The sum of a geometric series is given by ...
Sn = a1·(r^n -1)/(r -1)
Here, the first term is 24000, and the growth factor r is 1+4% = 1.04. The sum is then ...
S5 = 24000·(1.04^5 -1)/(1.04 -1) ≈ 129992
The total earned over 5 years was $129,992.
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A spreadsheet can list the annual salaries and add them up. The salary each year is 1.04 times that of the previous year. That is shown in the attachment.
The average rate of change is given by [f(b) - f(a)]/(b - a), where a and b represent the interval [a, b].
Let a = -2
Let b = -1
[(-1)^2 + 10 - ((-2)^2 + 10)]/(-1 -(-2))
[1 + 10 - (4 + 10)]/(-1 + 2)
[1 + 10 -4 -10]/(1)
[1 - 4]/(1)
-3/1
Answer: -3
Answer:
The probability that X is less than 32 minutes is 0.736.
Step-by-step explanation:
Given : The random variable X is exponentially distributed, where X represents the time it takes for a person to choose a birthday gift. If X has an average value of 24 minutes.
To find : What is the probability that X is less than 32 minutes?
Solution :
If X has an average value of 24 minutes.
i.e. 
The random variable X is exponentially distributed, where X represents the time it takes for a person to choose a birthday gift.
The exponentially function is 
The function form according to question is

The probability that X is less than 32 minutes is



Therefore, the probability that X is less than 32 minutes is 0.736.