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Savatey [412]
2 years ago
11

Every day, Jorge buys a lottery ticket. Each ticket has a probability of of winning a prize. After six days, what is the probabi

lity that Jorge has won at least one prize? Round your answer to four decimal places.
Mathematics
1 answer:
Romashka [77]2 years ago
6 0

The question is incomplete! Complete question along with answer and step by step explanation is provided below.

Question:

Every day, Jorge buys a lottery ticket. Each ticket has a 0.16 probability of winning a prize. After six days, what is the probability that Jorge has won at least one prize? Round your answer to four decimal places.

Answer:

The probability that Jorge has won at least one prize after six days is

P(at least 1 win) = 0.6487

Step-by-step explanation:

Every day, Jorge buys a lottery ticket which has a 0.16 chance of winning a prize.

We want to find out the probability that Jorge has won at least one prize after six days.

P(at least 1 win) = 1 - P(not winning for 6 days)

We know that the probability of winning is 0.16 then the probability of not winning is

P(not winning) = 1 - 0.16 = 0.84

For 6 days,

P(not winning for 6 days) = 0.84×0.84×0.84×0.84×0.84×0.84

P(not winning for 6 days) = 0.84⁶

P(not winning for 6 days) = 0.3513

Finally,

P(at least 1 win) = 1 - P(not winning for 6 days)

P(at least 1 win) = 1 - 0.3513

P(at least 1 win) = 0.6487

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100% of the 2nd monthly payment go toward the repayment of principal.

Step-by-step explanation:

The loan taken is the Principal which is mentioned as $72,500 with interest at a nominal rate of 20%. Firstly, it is important to understand that nominal rate means <em>non-compounding </em>rate. Simply put will be a "<em>one-time charged" </em>rate on the loan. Since this is given as 20% of the Principal. It is calculated thus: \frac{20}{100} × \frac{72,500}{1}= $14,500. So the interest on the loan is $14,500. Added to the Principal the total amount to be paid back by the company becomes: $72,500 + $14,500 = $87,000. To pay back this amount at equal end-of-month installments in 1 year (12 months), we divide the total amount by 12. i.e \frac{87000}{12} = $7250. This means, the monthly payment will be $7,250. Since the monthly payment pays only 10% of the initial principal $72,500. By the second month only 20% of the Principal would have been paid. So all of the monthly payment will go towards repaying the principal

3 0
2 years ago
As part of a new advertising campaign, a beverage company wants to increase the dimensions of their cans by a multiple of 1.11.
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Answer:

124.67cm³

Step-by-step explanation:

==>Given:

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Dimensions of future cans to be increased multiple of 1.11:

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radius = 3cm × 1.11 = 3.33 cm

Volume of future can (V2) = πr²h = 3.14*3.33²*13.32

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the number of common customers are 8 in number

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Step-by-step explanation:

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1 year ago
billy is creating a circular garden divided into 8 equal sections. The diameter of the garden is 12 feet. what is the area, in s
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Area=πr^2

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we know that diameter=2radius or diameter/2=radius so 
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4.5(3.14159)=area=14.1372 square feet or 14.14 square feet
5 0
1 year ago
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