Answer:
£1.6
Step-by-step explanation:
£20 ÷ £2.3= 8 remainder 1.6
change= £1.6
Answer:
Addition Rule
The word or in probability implies that we use the Addition Rule.
Answer:
<em>Find the probability of success in a single trial and then think about the nature of the problem (when do we stop). </em>
Step-by-step explanation:
Observe that in the single trial, we have (8 4) possibilities of choosing our set of balls. If we have chosen two white balls and two black balls, the probability of doing that is simply
p=(4 2)*(4 2)/(8 4)
This is well know Hyper geometric distribution. Now, define random variable X that marks the number of trials that have been needed to obtain the right combination (two white and two black balls). From the nature of the problem, observe that X has Geometric distribution with parameter p that has been calculated above. Hence
P(X = n) = (1— p)^n-1 *( p )
<em>Find the probability of success in a single trial and then think about the nature of the problem (when do we stop). </em>
Answer:
2401
Step-by-step explanation:
Given that we want to estimate average income in a population.
The standard deviation of income in the population is $1,000
We want confidence interval around our estimate to be +/- $40
i.e Margin of error = 40
We know that margin of error = Std error * Z critical for 95%
i.e. 
Std error = 
Together we get
