> A person places $479 in an investment account earning an annual rate of 8.2%, compounded continuously. Using the formula V
1 answer:
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Answer:
a) 0.9
b) Mean = 1.58
Standard Deviation = 0.89
Step-by-step explanation:
We are given the following in the question:
A marketing firm is considering making up to three new hires.
Let X be the variable describing the number of hiring in the company.
Thus, x can take values 0,1 ,2 and 3.
a) P(firm will make at least one hire)
Also,
b) expected value and the standard deviation of the number of hires.