The balance on a car loan after 4 years is $8,996.32. The interest rate is 5.6% compounding annually. What was the initial value
1 answer:
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Answer:
a. 0.09 or 9%
b. 0.324 or 32.4%
c. 0.0972 or 9.72%
Step-by-step explanation:
Male applicants = 3900
Female applicants = 3600
Total applicants = 7,500
Proportion of male applicants (m) = 0.52
Proportion of female applicants (f) = 0.48
a. The probability that a random male applicant is accepted and enrolls is given by the probability of a male student being accepted multiplied by the probability of a male student enrolling:
b. The probability that a random student is accepted is given by the probability of a male applicant being accepted added to the probability of a female applicant being accepted
c. The probability that a random student is accepted and enrolls is given by the probability of a male applicant being accepted and enrolling added to the probability of a female applicant being accepted and enrolling