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cestrela7 [59]
2 years ago
7

Jerry deposited 20,000 on an investment that will give 1,750 for every year that his money stays in the account. How much money

will he have in his account by the end of the year 8? with solutions​
Mathematics
1 answer:
lesya692 [45]2 years ago
3 0

Answer:

$34,000

Step-by-step explanation:

Jerry will get $1,750 for every year that his money stays in the account thus for 8 years he will get:

8*1,750 = $14,000

Together with the deposited money:

$20,000 + $14,000 = $34,000

By the end of year 8 there will be $34,000 of Jerry's account.

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2 years ago
What should I buy? A study conducted by a research group in a recent year reported that of cell phone owners used their phones i
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Answer:

The probability that seven or more of them used their phones for guidance on purchasing decisions is 0.7886.

<em />

Step-by-step explanation:

<em>The question is incomplete:</em>

<em>What should I buy? A study conducted by a research group in a recent year reported that 57% of cell phone owners used their phones inside a store for guidance on purchasing decisions. A sample of 14 cell phone owners is studied. Round the answers to at least four decimal places. What is the probability that seven or more of them used their phones for guidance on purchasing decisions? </em>

We can model this as a binomial random variable, with p=0.57 and n=14.

P(x=k)=\dbinom{n}{k} p^{k}q^{n-k}

a) We have to calculate the probability that seven or more of them used their phones for guidance on purchasing decisions:

P(x\geq7)=\sum_{k=7}^{14}P(x=k)\\\\\\

P(x=7)=\dbinom{14}{7} p^{7}q^{7}=3432*0.0195*0.0027=0.1824\\\\\\P(x=8) = \dbinom{14}{8} p^{8}q^{6}=3003*0.0111*0.0063=0.2115\\\\\\P(x=9) = \dbinom{14}{9} p^{9}q^{5}=2002*0.0064*0.0147=0.1869\\\\\\P(x=10) = \dbinom{14}{10} p^{10}q^{4}=1001*0.0036*0.0342=0.1239\\\\\\P(x=11) = \dbinom{14}{11} p^{11}q^{3}=364*0.0021*0.0795=0.0597\\\\\\P(x=12) = \dbinom{14}{12} p^{12}q^{2}=91*0.0012*0.1849=0.0198\\\\\\P(x=13) = \dbinom{14}{13} p^{13}q^{1}=14*0.0007*0.43=0.004\\\\\\

P(x=14) = \dbinom{14}{14} p^{14}q^{0}=1*0.0004*1=0.0004\\\\\\

P(x\geq7)=0.1824+0.2115+0.1869+0.1239+0.0597+0.0198+0.004+0.0004\\\\P(x\geq7)=0.7886

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