306 is the answer for the last
-73.35. You have to use the distributive property and multiply -9 x 8.15
Answer:
<em>Avram will have to pay $7,047 simple interest</em>
Step-by-step explanation:
<u>Simple Interest</u>
Definition: Interest calculated on the original principal only of a loan or on the balance of an account.
Unlike compound interest where the interest earned in the compounding periods is added to the new principal, simple interest only considers the principal to calculate the interest.
The interest earned is calculated as follows:
I=A.r.t
Where:
I = Interest
P = initial principal balance
r = interest rate
t = time
Avram has a principal of P=$14,500 at a simple rate of r=5.4%=0.054 for t=9 years, thus:
I=14,500*0.054*9=7,047
I=$7,047
Avram will have to pay $7,047 simple interest
Answer:
98.1% chance of being accepted
Step-by-step explanation:
Given:
sample size,n=56
acceptance condition= at most 2 batteries do not meet specifications
shipment size=7000
battery percentage in shipment that do not meet specification= 1%
Applying binomial distribution
<h3>P(x)=∑ᵇₐ=₀ (n!/a!(n-a)!)p^a (1-p)^(n-a)</h3>
In this formula, a is the acceptable number of defectives;
n is the sample size;
p is the fraction of defectives in the population.
Now putting the value
a= 2
n=56
p=0.01
=0.56960+0.32219+0.08949
After summation, we get 0.981 i.e. a 98.1% chance of being accepted. As this is such a high chance, we can expect many of the shipments like this to be accepted!