You plan to Invest $350 in a growth fund that has a rate of 1.5% compounded quarterly.
1 answer:
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Answer:
Step-by-step explanation:
given that on a six-question multiple-choice test there are five possible answers for each question, of which one is correct and four are incorrect
By mere guessing probability for choosing correct answer = p = 0.2
also each question is independent of the other
Hence if X is the number of correct questions then
X is binomial with p = 0.2 and n = 6
a) being correct on three questions,
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(b) being correct on four questions,
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(c) being correct on all six questions
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