Answer:
Step-by-step explanation:
Given
Poisson Distribution;
Average rent in a week = 2.3
Required
Determine the probability of renting no more than 1 apartment
A Poisson distribution is given as;
Where y represents λ (average)
y = 2.3
<em>Probability of renting no more than 1 apartment = Probability of renting no apartment + Probability of renting 1 apartment</em>
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Using probability notations;
Solving for P(X = 0) [substitute 0 for x and 2.3 for y]
Solving for P(X = 1) [substitute 1 for x and 2.3 for y]
Hence, the required probability is 0.331
Answer:
C.
Step-by-step explanation:
Answer:
-5 is greater
Step-by-step explanation:
-9 is a lesser number than -5 on the number line, making -5 a greater number.
Answer:
3x - y = -1
Step-by-step explanation:
Standard form of equation is Ax + By = C
y - y1 = m (x -x1)
y - 7 = 3 (x - 2)
y - 7 = 3x - 6
3x - y = -7 +6
3x - y = -1
If the interest rate is compounded daily, we have the effective interest rate calculated as:
r = (1 + 0.1022/30)^30 -1
r = 0.1074 or 10.74%
Therefore, the effective interest rate if the compounded daily rather than monthly is 10.74-10.22 = 0.52 points higher.