Bethany has $3.10 in nickels and dimes. She has a total of 44 coins. What is the value of the nickels Bethany has? a. $0.90. b.
2 answers:
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Answer: The lower bound of confidence interval would be 0.116.
Step-by-step explanation:
Since we have given that
p = 13.2%= 0.132
n = 1105
At 90% confidence,
z = 1.645
So, Margin of error would be
So, the lower bound of the confidence interval would be
Hence, the lower bound of confidence interval would be 0.116.
Answer:
(a)
(b) P(1) = 0.740, P(2) = 0.192, and P(3) = 0.050.
(c) The probability that n ≥ 4 is 0.018.
(d) The expected number of residents in the village you must meet before you encounter the first person of Hawaiian ancestry is 3.
Step-by-step explanation:
We are given that on the leeward side of the island of Oahu, in a small village, about 74% of the residents are of Hawaiian ancestry.
Let n = 1, 2, 3, … represent the number of people you must meet until you encounter the first person of Hawaiian ancestry in the village.
(a) We can observe that the above situation can be represented through the geometric distribution because the geometric distribution states that we will keep on going with the trials until we achieve our first success,
Here also, n represent the number of people you must meet until you encounter the first person of Hawaiian ancestry in the village.
So, the probability distribution of the geometric distribution is given by;
where, p = probability that the residents are of Hawaiian ancestry = 74%
(b) The probabilities that n = 1, n = 2, and n = 3 is given by;
P(1) = = 0.74
P(2) = = 0.192
P(3) = = 0.050
(c) The probability that n ≥ 4 is given by = P(n ≥ 4)
P(n ≥ 4) = 1 - P(n = 1) - P(n = 2) - P(n = 3)
= 1 - 0.74 - 0.192 - 0.050
= 0.018
(d) The expected number of residents in the village you must meet before you encounter the first person of Hawaiian ancestry is given by = E(n)
We know that the mean of the geometric distribution is given by;
Mean = =
= = 2.85 or 3 (approx).
<u>Answer-</u>
<em>$23377</em><em> must be deposited to get $68000 at the end of 30 years.</em>
<u>Solution-</u>
We know that for compound interest,
Where,
A = Future amount = $68,000
P = ??
r = 3.575% annual = 0.03575
n = 4 as interest is compounded quarterly
t = time in year = 30 years
Putting the values,
Therefore, $23377 must be deposited to get $68000 at the end of 30 years.