Answer:
g ≤ 48
Step-by-step explanation:
Let g = # of guest
12.50(g) ≤ 600
g ≤ 48
<u>Answer-</u>
He needs to put $10345 in the account today, in order to get 15000 in five years.
<u>Solution-</u>
We know that,
Where,
A = future value of the investment with interest = 15000
P = principal investment amount
r = annual interest rate (decimal) = 7.5% = 0.075
n = number of times that interest is compounded per year = 4
t = the number of years the money is invested = 5
Putting the values,
Answer:
x = 650
Step-by-step explanation:
Answer:
The probability that a randomly selected call time will be less than 30 seconds is 0.7443.
Step-by-step explanation:
We are given that the caller times at a customer service center has an exponential distribution with an average of 22 seconds.
Let X = caller times at a customer service center
The probability distribution (pdf) of the exponential distribution is given by;
Here, = exponential parameter
Now, the mean of the exponential distribution is given by;
Mean =
So, ⇒
SO, X ~ Exp()
To find the given probability we will use cumulative distribution function (cdf) of the exponential distribution, i.e;
; x > 0
Now, the probability that a randomly selected call time will be less than 30 seconds is given by = P(X < 30 seconds)
P(X < 30) =
= 1 - 0.2557
= 0.7443