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zhuklara [117]
3 years ago
7

In a binomial experiment, the probability of success is .06. What is the probability of two successes in seven trials? a. .0554

b. .28 c. .0036 d. .06
Mathematics
1 answer:
zaharov [31]3 years ago
4 0

Answer:

a. .0554

Step-by-step explanation:

Binomial probability distribution

The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.

P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}

In which C_{n,x} is the number of different combinations of x objects from a set of n elements, given by the following formula.

C_{n,x} = \frac{n!}{x!(n-x)!}

And p is the probability of X happening.

The probability of success is .06.

This means that p = 0.06

What is the probability of two successes in seven trials?

This is P(X = 2) when n = 7. So

P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}

P(X = 2) = C_{7,2}.(0.06)^{2}.(0.94)^{5} = 0.054

The correct answer is given by option a.

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Find principal of a loan at 11% for 5 years with $426.25 simple interest
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Answer:

P=775

Step-by-step explanation:

The Simple Interest Equation is A = P(1 + rt)

where

A = Total Accrued Amount (principal + interest)

P = Principal Amount

I = Interest Amount

t = Time Period involved in months or years

In this case, we do not know the values ​​of the equation (A and P), but we know the amount of interest accrued

If we define our principal whit this formula, we are able to know the rest of the values:

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