Seth Hernandez is sitting in a class that precedes lunch. His stomach begins to rumble and grumble. Instead of thinking about th
1 answer:
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Answer:
A) $12,528
Explanation:
We should consider the rent payment as an annuity. Because we are paying, it should be considered the present value of an annuity.
C 2,468
time 6
rate 0.05
PV $12,526.8080
We are asked for the closet option, so we have to chose A) 12,528
Answer:
a)
And adding we got:
b)
And replacing we got:
c)
And replacing we got:
Explanation:
Previous concepts
The binomial distribution is a "DISCRETE probability distribution that summarizes the probability that a value will take one of two independent values under a given set of parameters. The assumptions for the binomial distribution are that there is only one outcome for each trial, each trial has the same probability of success, and each trial is mutually exclusive, or independent of each other".
Solution to the problem
Let X the random variable of interest "number of women", on this case we now that:
The probability mass function for the Binomial distribution is given as:
Where (nCx) means combinatory and it's given by this formula:
Part a
For this case we want to find this probability:
And adding we got:
Part b
For this case we want this probability:
And we can use the complement rule and we got:
And replacing we got:
Part c
For this case we want this probability:
And we can use the complement rule and we got:
And replacing we got: