The question is an annuity question with the present value of the annuity given.
The
present value of an annuity is given by PV = P(1 - (1 + r/t)^-nt) /
(r/t) where PV = $61,600; r = interest rate = 9.84% = 0.0984; t = number
of payments in a year = 6; n = number of years = 11 years and P is the
periodic payment.
61600 = P(1 - (1 + 0.0984/6)^-(11 x 6)) / (0.0984 / 6)
61600 = P(1 - (1 + 0.0164)^-66) / 0.0164
61600 x 0.0164 = P(1 - (1.0164)^-66)
1010.24 = P(1 - 0.341769) = 0.658231P
P = 1010.24 / 0.658231 = 1534.78
Thus, Niki pays $1,534.78 every two months for eleven years.
The total payment made by Niki = 11 x 6 x 1,534.78 = $101,295.48
Therefore, interest paid by Niki = $101,295.48 - $61,600 = $39,695.48
Answer: a) P(x=0) = 0.0907, b) P(x≥10) = 0.7986
Step-by-step explanation: the probability mass function of a possion probability distribution is given as
P(x=r) = (e^-λ)×(λ^r) /r!
Where λ = fixed rate at which the event is occurring and each event is independent of each other = 2.4
a) P(x= at least one) = P(x≥1)
P(x≥1) = 1 - P(x<1)
But P(x<1) = P(x=0) { we can not continue to negative values because our values of x can only take positive values of integer}
Hence, P(x≥1) = 1 - P(x=0)
P(x=0) = e^-2.4 * 2.4^0/(0!)
P(x=0) = 0.0907×1/1
P(x=0) = 0.0907
b) if the average number of hits in 1 minutes is 2.4 then for 5 minutes we have 2.4×5 = 12.
Hence λ = 12.
P(x= at least 10) =P(x≥10) = 1 - P(x≤9)
P(x≤9) will be gotten using a cumulative possion probability distribution table whose area is to the left of the distribution.
From the table P(x≤9) = 0.2014.
P(x≥10) = 1 - 0.20140
P(x≥10) = 0.7986
72/5 or 14.4 hope this helped you
Which of the following is a composite number?<span>A. 19
B. 63
C. 1
D. 0
63 is a composite number because it is a </span><span>whole number that can be divided evenly by numbers other than 1 or itself.</span>
Your answer is <span><span>1^8
</span>
Hope this helps!</span>