Find the accumulated value of an investment of $20,000 for 7 years at an interest rate of 5.5% if the money is:
2 answers:
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Answer:
4096
Step-by-step explanation:
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Given:
A baseball player get a hit in 31% of his at-bats.
To find:
The probability that he will get a hit 5 at-bats in a row.
Solution:
Since, a baseball player get a hit in 31% of his at-bats, therefore
Probability that he get a hit =
=
Now, the probability that he will get a hit 5 at-bats in a row is
Therefore, the required probability is and it can be written as 0.0028629151
.