Logan is going to invest in an account paying an interest rate of 3.1% compounded continuously. How much would Logan need to inv
2 answers:
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Answer:
Step-by-step explanation:
Given two points on the line (0, 16) and (3, 40), an equation for the line can be written using the slope-intercept line equation which takes the format .
Where,
b = y-intercept or the point at which the line cuts the y-axis.
Let's find slope (m) using the slope formula:
Let,
Find b. Substitute the values of x = 0, y = 16, and m = 8 in the slope-intercept formula to find b.
Plug in the values of m and b into the slope-intercept formula to get the equation of the line.
Let's use the equation to find x when y = 112.
Substitute y = 112 in the equation
Divide both sides by 8
Answer:
The probability that they purchased a green or a gray sweater is
Step-by-step explanation:
Probability is the greater or lesser possibility of a certain event occurring. In other words, probability establishes a relationship between the number of favorable events and the total number of possible events. Then, the probability of any event A is defined as the quotient between the number of favorable cases (number of cases in which event A may or may not occur) and the total number of possible cases. This is called Laplace's Law.
The addition rule is used when you want to know the probability that 2 or more events will occur. The addition rule or addition rule states that if we have an event A and an event B, the probability of event A or event B occurring is calculated as follows:
P(A∪B)= P(A) + P(B) - P(A∩B)
Where:
P (A): probability of event A occurring.
P (B): probability that event B occurs.
P (A⋃B): probability that event A or event B occurs.
P (A⋂B): probability of event A and event B occurring at the same time.
Mutually exclusive events are things that cannot happen at the same time. Then P (A⋂B) = 0. So, P(A∪B)= P(A) + P(B)
In this case, being:
- P(A)= the probability that they purchased a green sweater
- P(B)= the probability that they purchased a gray sweater
- Mutually exclusive events
You know:
- 8 purchased green sweaters
- 4 purchased gray sweaters
- number of possible cases= 12 + 8 + 4+ 7= 21
So:
- P(A⋂B) = 0
Then:
P(A∪B)= P(A) + P(B)
P(A∪B)=
P(A∪B)=
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