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1 year ago

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Trevor has an investment worth $6,774.50. He made his only deposit in it 22 years ago. Given that the investment yields 2.7% sim

ple interest annually, how big was the initial deposit?
a.
$2,524.50
b.
$4,024.03
c.
$4,250.00
d.
$11,404.88

2 answers:

erica [24]1 year ago

5 0

simple interest =principal *rate *time over 100

6774.50*2.7/100*22=4024.03

Anon25 [30]1 year ago

5 0

Answer:

it b

Step-by-step explanation:

have a great day "-"

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1 year ago

Suppose that only 20% of all drivers come to a complete stop at an intersection having flashing red lights in all directions whe

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Answer:

a) 91.33% probability that at most 6 will come to a complete stop

b) 10.91% probability that exactly 6 will come to a complete stop.

c) 19.58% probability that at least 6 will come to a complete stop

d) 4 of the next 20 drivers do you expect to come to a complete stop

Step-by-step explanation:

For each driver, there are only two possible outcomes. Either they will come to a complete stop, or they will not. The probability of a driver coming to a complete stop is independent of other drivers. So we use the binomial probability distribution to solve this question.

Binomial probability distribution

The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.

$P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}$

In which $C_{n,x}$ is the number of different combinations of x objects from a set of n elements, given by the following formula.

$C_{n,x} = \frac{n!}{x!(n-x)!}$

And p is the probability of X happening.

20% of all drivers come to a complete stop at an intersection having flashing red lights in all directions when no other cars are visible.

This means that $p = 0.2$

20 drivers

This means that $n = 20$

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$P(X \leq 6) = P(X = 0) + P(X = 1) + P(X = 2) + P(X = 3) + P(X = 4) + P(X = 5) + P(X = 6)$

In which

$P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}$

$P(X = 0) = C_{20,0}.(0.2)^{0}.(0.8)^{20} = 0.0115$

$P(X = 1) = C_{20,1}.(0.2)^{1}.(0.8)^{19} = 0.0576$

$P(X = 2) = C_{20,2}.(0.2)^{2}.(0.8)^{18} = 0.1369$

$P(X = 3) = C_{20,3}.(0.2)^{3}.(0.8)^{17} = 0.2054$

$P(X = 4) = C_{20,4}.(0.2)^{4}.(0.8)^{16} = 0.2182$

$P(X = 5) = C_{20,5}.(0.2)^{5}.(0.8)^{15} = 0.1746$

$P(X = 6) = C_{20,6}.(0.2)^{6}.(0.8)^{14} = 0.1091$

$P(X \leq 6) = P(X = 0) + P(X = 1) + P(X = 2) + P(X = 3) + P(X = 4) + P(X = 5) + P(X = 6) = 0.0115 + 0.0576 + 0.1369 + 0.2054 + 0.2182 + 0.1746 + 0.1091 = 0.9133$

91.33% probability that at most 6 will come to a complete stop

b. Exactly 6 will come to a complete stop?

$P(X = 6) = C_{20,6}.(0.2)^{6}.(0.8)^{14} = 0.1091$

10.91% probability that exactly 6 will come to a complete stop.

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$P(X \geq 6) = 1 - P(X < 6)$

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The expected value of the binomial distribution is

$E(X) = np = 20*0.2 = 4$

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Answer:

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Step-by-step explanation:

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$2,880=12,000(8r)$

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