The means and medians are <em><u>not</u></em><em><u> </u></em> the same.
Answer:
Answer Choice 'A' would be correct.
Answer:
1.97 years
Step-by-step explanation:
First, convert R as a percent to r as a decimal
r = R/100
r = 8/100
r = 0.08 per year,
Then, solve the equation for t
t = ln(A/P) / n[ln(1 + r/n)]
t = ln(17,500.00/15,000.00) / ( 2 × [ln(1 + 0.08/2)] )
t = ln(17,500.00/15,000.00) / ( 2 × [ln(1 + 0.04)] )
t = 1.965 years
:D
Answer:
The probability no one delays or goes without medical care is 0.168;
The probability only one person delays or goes without medical care is 0.336.
Step-by-step explanation:
This problem can be modeled with a binomial random variable, with sample size n=8 and probability of success p=0.2.
The probability that <em>exactly </em>k Americans delay or go without medical care because of concerns about cost within the sample of eight individuals can be calculated as:

The probability no one delays or goes without medical care (x=0) is:

The probability only one person delays or goes without medical care (x=1) is
