An experimenter records the results of a large sample survey on a histogram. Outcomes that lie far outside standard deviations o
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Given:
Amount in the bank account = $1850
Monthly payment of can loan = $400.73
To find:
When would automatic payments make the value of the account zero?
Solution:
Craig stops making deposits to that account. So, amount $1850 in the bank account is used to make monthly payment of can loan.
On dividing the amount by monthly payment, we get
It means, the amount is sufficient for 4 payment but for the 5th payment the amount is not sufficient.
Therefore, the 5th automatic payments make the value of the account zero.
Answer: 0.5898
Step-by-step explanation:
Given : J.J. Redick of the Los Angeles Clippers had a free throw shooting percentage of 0.901 .
We assume that,
The probability that .J. Redick makes any given free throw =0.901 (1)
Free throws are independent.
So it is a binomial distribution .
Using binomial probability formula, the probability of getting success in x trials :
, where n= total trials
p= probability of getting in each trial.
Let x be binomial variable that represents the number of a=makes.
n= 14
p= 0.901 (from (1))
The probability that he makes at least 13 of them will be :-
∴ The required probability = 0.5898