= 0.1165 Step-by-step explanation: In statistics, the binomial distribution involves two possible outcomes. With ''n'' representing the number of trials in an experiment, these tables can be utilized to find the probability of achieving a specific number of successes within the experiment. P=14% = 0.14, n=30. Here, binomial distribution cumulative tables are applied. Thus, P(More than 7) = P(x > 7) = 1 - P(x < 7) = 1 - P(x ≤ 6) = 1 - 0.8835 = 0.1165.
To determine the future value of an initial amount of $845 at an interest rate of 11.3% over 7 years, we will utilize the compound interest formula, which is expressed as:
A=p(1+r/100)^n
where:
A=future value
r=rate=11.3%=0.113
time=7 years
Hence, the future value of the capital will be:
A=845(1+0.113)^7
A=845(1.113)^7
A=$1,787.82
Answer:
Find below:
Step-by-step explanation:
To determine this, we will either calculate the total cost of acquiring 40 bouquets at $2.50 each or find the single bouquet’s cost at $120.
Cost of one in pack of 40 priced at $120.
120 divided by 40 equals $3
Now, we notice that $3>$2.50
This indicates Kendra has made an error by purchasing the 40 bouquet pack at $120
Hope this helps.
Good Luck
