Answer:
The probability is approximately 0.2222
Step-by-step explanation:
The correct question is as follows;
Suppose the time to process a loan application follows a uniform distribution over the range 7 to 15 days. What is the probability that a randomly selected loan application takes longer than 14 days to process
Please check attachment for solution to question
Answer:
20 dimes and 2 quarters
Step-by-step explanation:
x = number of dimes
y = number of quarters
minimum is greater than or equal to ≥
x+y ≥16
no more than is less than or equal to ≤ ,
value of dime is $ 0.10
value of quarter is $0.25 so
0.10x + 0.25y ≤ 3.00
Rewrite inequalities in terms of y:
y ≥16 - x
(0.25/0.25)y ≤ (3.00/0.25)-(0.10/0.25)x→
y≤12 - 0.4x
Graph system: see file
