This is a binomial experiment and you'll use the binomial probability distribution because:
- There are two choices for each birth. Either you get a girl or you get a boy. So there are two outcomes to each trial. This is where the "bi" comes from in "binomial" (bi means 2).
- Each birth is independent of any other birth. The probability of getting a girl is the same for each trial. In this case, the probability is p = 1/2 = 0.5 = 50%
- There are fixed number of trials. In this case, there are 5 births so n = 5 is the number of trials.
Since all of those conditions above are met, this means we have a binomial experiment.
Some textbooks may split up item #2 into two parts, but I chose to place them together since they are similar ideas.
Answer:
variable annuity typically provides mutual funds
Explanation:
1- Annuity is commonly used financial product among the retirees to get regular income.
2- Annuity usually pays a fixed amount each month
3- variable annuity is different because the amount of funds paid each month varies depending on how the investment performs each month.
Hope this helps :)
We start by calculating the assessed value, that is 41% of the price.
The price is $92,000.
Then, the assessed value is:
The property tax rate is $39.50 per $1000 of assessed value, so we can express this rate as:
We then can multiply this rate by the assessed value to calculate the total property tax:
NOTE: we could have also multiplied 39.50 by 37.72. The value 37.72 is the thousands of dollars of assessed value. We would have obtained the same result: 39.50*37.72=1489.94.
Answer: the property tax is $1,489.94.
