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Agata [3.3K]
2 years ago
15

Find the simple interest on the loan of $2500 for 2 years at 5%.

Mathematics
1 answer:
Eduardwww [97]2 years ago
7 0

Answer:

Step-by-step explanation:

simple interest=prt

p=principle amount

r=rate

t=time

here p=$2500

r=5 %=0.05

t=2 years

simple interest=2500×2×0.05=$250

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6.8 Use the Normal approximation. Suppose we toss a fair coin 100 times. Use the Normal approximation to find the probability th
Maru [420]

Answer:

(a) The probability that proportion of heads is between 0.30 and 0.70 is 1.

(b) The probability that proportion of heads is between 0.40 and 0.65 is 0.9759.

Step-by-step explanation:

Let <em>X</em> = number of heads.

The probability that a head occurs in a toss of a coin is, <em>p</em> = 0.50.

The coin was tossed <em>n</em> = 100 times.

A random toss's result is independent of the other tosses.

The random variable <em>X</em> follows a Binomial distribution with parameters n = 100 and <em>p</em> = 0.50.

But the sample selected is too large and the probability of success is 0.50.

So a Normal approximation to binomial can be applied to approximate the distribution of \hat p<em> </em>(sample proportion of <em>X</em>) if the following conditions are satisfied:

  1. np ≥ 10
  2. n(1 - p) ≥ 10

Check the conditions as follows:

 np=100\times 0.50=50>10\\n(1-p)=100\times (1-0.50)=50>10

Thus, a Normal approximation to binomial can be applied.

So,  \hat p\sim N(p,\ \frac{p(1-p)}{n})

\mu_{p}=p=0.50\\\sigma_{p}=\sqrt{\frac{p(1-p)}{n}}=0.05

(a)

Compute the probability that proportion of heads is between 0.30 and 0.70 as follows:

P(0.30

                              =P(-4

Thus, the probability that proportion of heads is between 0.30 and 0.70 is 1.

(b)

Compute the probability that proportion of heads is between 0.40 and 0.65 as follows:

P(0.40

                              =P(-2

Thus, the probability that proportion of heads is between 0.40 and 0.65 is 0.9759.

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Answer:

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Step-by-step explanation:

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P(head)=178/200
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