George Johnson recently inherited a large sum of money; he wants to use a portion of this money to set up a trust fund for his two children. The trust fund has two investment options: (1) a bond fund and (2) a stock fund. The projected returns over the life of the investments are 6% for the bond fund and 10% for the stock fund. Whatever portion of the inheritance he finally decides to commit to the trust fund, he wants to invest at least 30% of that amount in the bond fund. In addition, he wants to select a mix that will enable him to obtain a total return of at least 7.5%.
Required:
a. Formulate a linear programming model that can be used to determine the percentage that should be allocated to each of the possible investment alternatives.
b. Solve the problem using the graphical solution procedure.
Answers
Answer:
a. [tex]B+S = 1 [/tex]
[tex]0.06B+0.1S \geq 0.075 [/tex]
[tex]B \geq 0.3 [/tex]
Objective function:
[tex]R=0.06B+0.1S[/tex]
b) See Attached picture
30% in bonds and 70% in stocks
Step-by-step explanation:
a.
In order to solve the first part of the problem we need to take into account that the problem wants us to determine the percentage that should be allocated to each of the possible investment alternatives. In that case, the sum of the percentages must be equal to 1 (which means that we will have 100 of the trust fund)
so that gives us our first restriction for the problem.
B+S=1
Next, the problem tells us that the projected returns over the life of the investments are 6% for the bond fund and 10% for the stock fund. It also states that he wants to select a mix that will enable him to obtain a total return of at least 7.5%, so we can take this information and get the second restriction from it:
[tex]0.06B+0.1S \geq 0.075 [/tex]
Next, the problem tells us that whatever portion of the inheritance he finally decides to commit to the trust fund, he wants to invest at least 30% of that amount in the bond fund, so that's where the last restriction comes from:
[tex]B \geq 0.3 [/tex]
now, the idea is to optimize the investment, this is get the greatest amount of money out of the trust fund, so the objective function is:
[tex]R=0.06B+0.1S[/tex]
which represents the return on the investment.
b)
For part b we can start by graphing each of the restrictions:
[tex]B+S = 1 [/tex]
This will be a single line, you can draw the line by setting B=0 first so you get:
0+S=1
S=1
So the first point to plot will be (0,1)
next, we can set s=0 to get:
B+0=1
B=1
so the second point to plot will be (1,0)
so you can plot the two points and connect them with a straight line. This is the green line on the uploaded graph.
Next we can graph the second restriction:
[tex]0.06B+0.1S \geq 0.075 [/tex]
we can use the same procedure we used for the previous graph, in this case the points would be:
(0 , 0.75) and (1.25, 0)
and again connect the two points with a straight line. Next we need to decide which region of the graph to shade for which we can pick two arbitrary points on each side of the line, for example we can pick:
(0,0) and (2,2) and see which one makes the inequality true:
for (0,0) we get:
[tex]0.06B+0.1S \geq 0.075 [/tex]
[tex]0.06(0)+0.1(0) \geq 0.075 [/tex]
[tex]0 \geq 0.075 [/tex]
Which is false, therefore we need to shade the other region of the graph:
for (2,2) we get:
[tex]0.06B+0.1S \geq 0.075 [/tex]
[tex]0.06(2)+0.1(2) \geq 0.075 [/tex]
[tex]0.32 \geq 0.075 [/tex]
Which is true, so we shade the region of the graph that contains that point. (see red graph)
now we graph the third restriction:
[tex]B \geq 0.3 [/tex]
In order to graph this third restriction we just need to draw a vertical line at B=0.3 and shade everything to the right of that line. (Blue graph)
Now, we can analyze the graph, in this case we need to locate the points where the green line crosses the red and the blue line which gives us the following coordinates:
(0.3, 0.7) and (0.625, 0.375)
these two points can be found by setting the first restriction equal to each of the other two restrictions if you are to do it algebraically. If you are using a graphing device, you can directly read them from the graphs.
So once we got those points, we can see which one gives us the greatest percentage of return.
let's test the first point (0.3, 0.7)
[tex]R=0.06B+0.1S[/tex]
[tex]R=0.06(0.3)+0.1(0.7)[/tex]
R=0.088
so this distribution gives us 8.8% in return, let's test the second point:
(0.625, 0.375)
[tex]R=0.06B+0.1S[/tex]
[tex]R=0.06(0.625)+0.1(0.375)[/tex]
R=0.075
so this distribution gives us 7.5% in return.
In this case the best distribution for us is 30% in bonds and 70% in the stock fund to get a return of 8.8%
Related Questions
please help me find the value of x
Answers
Answer:
x=10
Step-by-step explanation:
The whole figure is symmetric hence x=10
у
х
9
3
Find the value of y.
Answers
9514 1404 393
Answer:
(d) 6√3
Step-by-step explanation:
There are several ways to work multiple-choice problems. One of the simplest is to choose the only answer that makes any sense. Here, that is 6√3.
y is the hypotenuse of the medium-sized right triangle, so will be longer than that triangle's longest leg. y > 9
The only answer choice that meets this requirement is ...
y = 6√3
__
In this geometry, all of the right triangles are similar. This means corresponding sides have the same ratio. For y, we're interested in the ratio of long leg to hypotenuse.
long leg/hypotenuse = y/(9+3) = 9/y
y² = 9(9+3) = 9·4·3
y = 3·2·√3 . . . . . . take the square root
y = 6√3
__
Additional comments
You may notice that y is the root of the product of the longer hypotenuse segment (9) and the whole hypotenuse (9+3 = 12). We can say that y is the "geometric mean" of these segment lengths. Similarly (pun only partially intended), x will be the root of the product of the short segment (3) and the whole hypotenuse (12)
x = √(3·12) = 6
This is another "geometric mean" relation.
Further, the altitude will be the geometric mean of the two segments of the hypotenuse:
h = √(9·3) = 3√3
A way to summarize all of these relations is to say that the legs of the right triangle that are not the hypotenuse are equal to the geometric mean of the segments of the hypotenuse that the leg intercepts.
x = √(3·12)
y = √(9·12)
h = √(3·9)
What are 3 ratios that are equivalent to 8 :5
Answers
Answer:
Step-by-step explanation:
8/5 = 16/10 = 24/15
8:5 = 16:10 = 24:15
Which of the following behaviors would best describe someone who is listening and paying attention? a) Leaning toward the speaker O b) Interrupting the speaker to share their opinion c) Avoiding eye contact d) Asking questions to make sure they understand what's being said
Answers
Answer:
d) Asking questions to make sure they understand what's being said
Step-by-step explanation:
Asking questions is important for learning and clears up any confusion.
A person invests 3500 dollars in a bank. The bank pays 4.75% interest compounded
quarterly. To the nearest tenth of a year, how long must the person leave the money
in the bank until it reaches 5800 dollars?
Answers
9514 1404 393
Answer:
10.7 years
Step-by-step explanation:
The formula for the balance in an account earning compound interest is ...
A = P(1 +r/n)^(nt)
where principal P is invested at annual rate r compounded n times per year for t years. We want to solve for t.
5800 = 3500(1 +0.0475/4)^(4t)
58/35 = 1.011875^(4t) . . . divide by 3500 and simplify a bit
log(58/35) = 4t·log(1.011875) . . . . take logs
t = log(58/35)/(4·log(1.011875)) . . . . divide by the coefficient of t
t ≈ 10.6966 ≈ 10.7
The person must leave the money n the bank for about 10.7 years for it to reach $5800.
The expression y + y + 2y is equivalent to ??
because ??
Answers
Answer:
4y
They would have the same value if a number was substituted for y
Step-by-step explanation:
y+y+2y =
Combine like terms
4y
These are all like terms
They would have the same value if a number was substituted for y
Let y = 5
5+5+2(5) = 5+5+10 = 20
4(5) =20
Lesson 1 Skills Practice
Lines For Exercises 1-12, use the figure at the right. In that figure, line m is parallel.
Classify each pair of angles as alternate interior, alternate exterior, or corresponding.
Pictures Below.
Answers
9514 1404 393
Answer:
alternate interior: (2, 4), (3, 5)alternate exterior: (1, 7), (43°, 6)corresponding: (1, 5), (2, 6), (3, 7), alternate interior: (2, 4), (3, 5)corresponding: (1, 5), (2, 6), (3, 7), (43°, 4)4)
Step-by-step explanation:
In this geometry, "corresponding" angles are in the same direction from the point of intersection of the transversal with the parallel line.
"Alternate" refers to angles on opposite sides of the transversal. "Interior" and "exterior" refer to angles between and outside of the parallel lines, respectively.
Here, we list all angle pairs in each classification, so you can answer questions 1-12 based on this list.
alternate interior: (2, 4), (3, 5)
alternate exterior: (1, 7), (43°, 6)
corresponding: (1, 5), (2, 6), (3, 7), (43°, 4)
__
Additional classifications are also used:
consecutive (same-side) interior: (2, 5), (3, 4)
consecutive (same-side) exterior: (1, 6), (43°, 7)
vertical: (1, 3), (2, 43°), (4, 6), (5, 7)
linear pairs: (1, 2), (1, 43°), (2, 3), (3, 43°), (4, 5), (4, 7), (5, 6), (6, 7)
I need help for this math question!
Answers
Answer:
D
Step-by-step explanation:
Assuming that the expression is referring to sin²(2πft) and not sin²(2)πft, we can solve as follows:
One trigonometric identity states that sin²x+cos²x = 1. We want to express this in terms of cos²x, so we need to solve for sin²x. Subtracting cos²x from both sides, we get 1-cos²x = sin²x. Plugging (2πft) for x, we get
1-cos²(2πft) = sin²(2πft)
We can plug that into our equation to get
P = I₀²R(1-cos²(2πft)), or D
The total cost, C, for running an advertisement in a local newspaper, The Free Press, is made up of an initial cost of $12 plus a charge of $5 per day. A rival newspaper, The Banner, is currently running a special on advertisements at $8 per day with no initial cost.
a) Write an equation representing the cost in The Free Press.
b) Write an equation representing the cost in The Banner.
c) For each newspaper, create a table of values.
d) Use Rapid Tables (will need to select 2 lines from the drop down - see example in relation to the Jason's Trip graph below) to graph each cost on the same set of coordinate axis. Your two lines will represent The Free Press and The Banner. You are also able to create the graph on other technology or a piece of paper.
e) Which newspaper would you use for an ad that ran 1 day?
f) Which newspaper would you use for an ad that ran 12 days?
Answers
Answer:
(a) [tex]C(x) = 12 + 5x[/tex]
(b) [tex]C(x) = 8x[/tex]
(c) Tables
(d) See attachment for graph
(e) Banner newspaper
(f) Free press newspaper
Free Press
[tex]\begin{array}{cccccc}x & {1} & {2} & {3} & {4} & {5} & {C(x)} & {17} & {22} & {27} & {32} & {37} \ \end{array}[/tex]
Banner
[tex]\begin{array}{cccccc}x & {1} & {2} & {3} & {4} & {5} & {C(x)} & {8} & {16} & {24} & {32} & {40} \ \end{array}[/tex]
Step-by-step explanation:
Given
Free Press
[tex]Initial = 12[/tex]
[tex]Rate =5[/tex]
Banner
[tex]Initial=0[/tex]
[tex]Rate =8[/tex]
Solving (a): Free Press Equation
This is calculated as:
[tex]C(x) = Initial + Rate * x[/tex]
Where
[tex]x \to[/tex] days
So, we have:
[tex]C(x) = 12 + 5x[/tex]
Solving (b): Banner Equation
This is calculated as:
[tex]C(x) = Initial + Rate * x[/tex]
Where
[tex]x \to[/tex] days
So, we have:
[tex]C(x) = 0 + 8x[/tex]
[tex]C(x) = 8x[/tex]
Solving (c): Table of values
For free press, we have:
[tex]\begin{array}{cccccc}x & {1} & {2} & {3} & {4} & {5} & {C(x)} & {17} & {22} & {27} & {32} & {37} \ \end{array}[/tex]
C(x) is calculated as:
[tex]x = 1;\ C(1) = 12 + 5* 1 =17[/tex]
[tex]x = 2;\ C(2) = 12 + 5* 2 =22[/tex]
..
[tex]x = 5;\ C(5) = 12 + 5* 5 =37[/tex]
For banner, we have:
[tex]\begin{array}{cccccc}x & {1} & {2} & {3} & {4} & {5} & {C(x)} & {8} & {16} & {24} & {32} & {40} \ \end{array}[/tex]
C(x) is calculated as:
[tex]x = 1;\ C(1) = 8* 1 =8[/tex]
[tex]x = 2;\ C(2) = 8* 2 =16[/tex]
..
[tex]x = 5;\ C(5) = 8* 5 =40[/tex]
Solving (d): Graph of both using rapidtable
See attachment
Solving (e) Newspaper to use for 1 day
From the graph, when [tex]x = 1[/tex]
[tex]Free\ press = 17[/tex]
[tex]Banner = 8[/tex]
So, we use Banner newspaper because it is cheaper
Solving (f) Newspaper to use for 12 days
From the graph, when [tex]x = 12[/tex]
[tex]Free\ press = 72[/tex]
[tex]Banner = 96[/tex]
So, we use free press newspaper because it is cheaper
If a cube has an edge of length e, then the lateral surface area is:
Answers
Answer:
The total lateral surface of this cube is 4*e^2
Step-by-step explanation:
A cube is a figure with all the sides of the same length, so each face of a cube is a square.
Remember that the area of a square of sidelength L is:
A = L^2
Now, when we want to find the lateral surface of a figure, we ignore the bases of the figure.
So, if a cube has 6 faces, if we ignore the two bases, we are left with 4 square faces.
And if the edge length is e, then each one of these four faces has an area:
A = e^2
So the total lateral surface is 4 times that:
S = 4*e^2
The total lateral surface of this cube is 4*e^2
Answer:
4e2
Step-by-step explanation:
I got it correct on founders edtell
A: 28, 23,30, 25, 27
B: 22, 19, 15, 17, 20
The difference between the mean of the numbers in list A and the average of the numbers in list B is?
Answers
Answer:
8
Step-by-step explanation:
mean of A=28+23+30+25+27/5 = 26.6
average of B=22+19+15+17+20/5 = 18.6
now,
difference= 26.6-18.6
=8,,
Use the compound interest formula to find the annual interest rate, r, if in 2 years an investment of 4,000 grows to 4410 The rate is %.
Answers
Answer:
5%
Step-by-step explanation:
Bank amount=PA*(1+r/100)^t
4410=4000*(1+x/100)^2
1.05=(1+x/100), x=5%
Find the missing side round to the nearest tenth
Answers
======================================================
Work Shown:
sin(angle) = opposite/hypotenuse
sin(29) = x/24
24*sin(29) = x
x = 24*sin(29) ..... exact value
x = 11.635430885912 .... approximate value
x = 11.6
To get the approximate value, you'll need a calculator. Make sure the calculator is in degree mode.
Please please help!! Quickly
Answers
Answer:
pretty sure its D
Answer:
I have to give 2 Ans for my question
look below for the image
Answers
Answer:
135.7 yd²
Step-by-step explanation:
Surface area of the cone,
πr²+πrl
= π×3²+π×11.4×3
= 43.2π
= 135.7 yd² (rounded to the nearest tenth)
The sum of a number and its inverse is 3 29 / 52. Find the number?
Answers
How do you make 2.318181818 a mixed number
Answers
Hope this helps!
II. Round to the nearest hundred.
11. 582
12. 1,234
13. 640
14. 770
15. 1,104 can you please tell what the answer?
Answers
Answer:
582-600
1,234-1,200
640-600
770-800
1,104-1,100
Susan randomly selected a sample of plants to determine the average height of the total 35 plants in her garden. She measured the heights (in inches) of 12 randomly selected plants and recorded the data:
1.0, 1.4, 1.8, 2.0, 2.5, 3.5, 4.2, 4.5, 4.8, 5.0, 5.3, 6.0
What is the sample mean of the heights of the plants in Susan's garden?
Answers
Answer:
3.5 inches
Step-by-step explanation:
Sample mean basically means that we need to find the average of the samples.
So the formula for finding average is
Number of observations/ Number of Occurrences
So when we add the values together we get
42.
So there are 12 numbers
So, 42/12 =
3.5 inches
The sample mean of the heights of the plants in Susan's garden is
3.5 inches.
Here,
Susan randomly selected a sample of plants to determine the average height of the total 35 plants in her garden.
She measured the heights (in inches) of 12 randomly selected plants and recorded the data:
1.0, 1.4, 1.8, 2.0, 2.5, 3.5, 4.2, 4.5, 4.8, 5.0, 5.3, 6.0
We have to find the sample mean of the heights of the plants in Susan's garden.
What is Average?
Average value in a set of given numbers is the middle value, calculate as dividing the total of all values by the number of values.
Now,
The recorded data is;
1.0, 1.4, 1.8, 2.0, 2.5, 3.5, 4.2, 4.5, 4.8, 5.0, 5.3, 6.0
To find the sample mean of the heights of the plants in Susan's garden we have to find the average of the recorded data.
Formula for average = [tex]\frac{sum of number of observation}{ number of occurrence}[/tex]
Hence, Average = [tex]\frac{1.0+ 1.4+1.8+2.0+ 2.5+3.5+4.2+4.5+ 4.8+ 5.0+ 5.3+ 6.0}{12} = \frac{42}{12} = 3.5[/tex]
Therefore, The sample mean of the heights of the plants in Susan's garden is 3.5 inches.
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PLEASE HELP!! WHOEVER HELPS FIRST AND GETS IT CORRECT GETS BRAILIEST!! By the way, TWO people need to answer so I can mark brainliest.
Answers
Answer:
0.045
Step-by-step explanation:
(0,4x0,5x0,3)-(0,2x0,5x0,15)
the value of M such that 3 3 M + 3 = 9 M + 4
Answers
Step-by-step explanation:
If you like my answer than please mark me brainliest
[tex]\\ \sf\longmapsto 33M+3=9M+4[/tex]
Interchange sides[tex]\\ \sf\longmapsto 33M-9M=4-3[/tex]
[tex]\\ \sf\longmapsto (33-9)M=1[/tex]
[tex]\\ \sf\longmapsto 24M=1[/tex]
[tex]\\ \sf\longmapsto M=\dfrac{1}{24}[/tex]
how many 50 cents coins are there in $10:50
Answers
Question:- how many 50 cents coins are there in $10.50
Answer:-
Total amount-> $ 10.50
So amount in cents
$ 1 is equal to 100 cents
$10.50 is equal to 1050 cents
According to the question
[tex]Number \: of \: the \: 50 \: cents= \frac{ Total \: cents}{ 50 \: cents } \\ [/tex]
[tex]Number \: of \: the \: 50 \: cents = \frac{1050}{50} \\ Number \: of \: the \: 50 \: cents = 21 \: [/tex]
A meat packaging plant uses a machine that packages chicken livers in six pound portions. A sample of 91 packages of chicken livers has a standard deviation of 0.47. Construct the 98% confidence interval to estimate the standard deviation of the weights of the packages prepared by the machine. Round your answers to two decimal places.
Lower endpoint______ Upper endpoint__
Answers
Answer:
it simple as look
Step-by-step explanation:
He y I a m r a v I t ha n k S
Wowowowowowowowowk
Find the volume of the figure. Round your answers to the nearest tenth. It is recommended you use the π button on your calculator to solve.
Answers
Answer:
628 mi^3
Step-by-step explanation:
the volume of a cylinder is given by:
V = base area x height
thus,
V = (3.14)(5)^2(8)
V = (3.14)(25)(8)
V = 628 mi^3
the volume of the cylinder is 628 cubic miles
The volume of the cylinder is 628 cubic miles.
We have a cylinder of radius 5 mi and height 8 mi.
We have to find the volume of the figure and round it to nearest tenth.
What is the volume of cylinder?The volume of cylinder is given by the formula -
Volume [tex]=\pi r^{2} h[/tex]
We can use the above formula to calculate the volume of cylinder. In our case -
r = 5 mi
h = 8 mi
Substituting the values in the formula -
Volume [tex]=\pi\times5^{2}\times 8\\\\[/tex] = 628 cubic miles.
Hence, the volume of the cylinder is 628 cubic miles.
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Three Nissans, two Fords, and four Chevrolets can be rented for $106 per day. At the same rates two Nissans, four Fords, and three Chevrolets cost $107 per day, whereas four Nissans, three Fords, and two Chevrolets cost $102 per day. Find the rental rate for the Fords.
Answers
Answer:
The rental rate for the Fords is of $12 per day.
Step-by-step explanation:
This question is solved using a system of equations.
I am going to say that:
x is the cost of a Nissan.
y is the cost of a Ford.
z is the cost of a Chevrolet.
Three Nissans, two Fords, and four Chevrolets can be rented for $106 per day.
This means that:
[tex]3x + 2y + 4z = 106[/tex]
Two Nissans, four Fords, and three Chevrolets cost $107 per day
This means that:
[tex]2x + 4y + 3z = 107[/tex]
Four Nissans, three Fords, and two Chevrolets cost $102 per day.
This means that:
[tex]4x + 3y + 2z = 102[/tex]
From the first equation:
[tex]4z = 106 - 3x - 2y[/tex]
[tex]2z = 53 - 1.5x - y[/tex]
[tex]z = 26.5 - 0.75x - 0.5y[/tex]
Replacing into the third equation:
[tex]4x + 3y + 53 - 1.5x - y = 102[/tex]
[tex]2.5x + 2y = 49[/tex]
From the second equation:
[tex]2x + 4y + 3z = 107[/tex]
[tex]2x = 107 - 4y - 3z[/tex]
[tex]x = 53.5 - 2y - 1.5z[/tex]
[tex]x = 53.5 - 2y - 1.5(26.5 - 0.75x - 0.5y)[/tex]
[tex]x - 1.125x = 53.5 - 2y - 39.75 + 0.75y[/tex]
[tex]-0.125x = 13.75 - 1.25y[/tex]
[tex]0.125x = 1.25y - 13.75[/tex]
[tex]x = \frac{1.25y - 13.75}{0.125}[/tex]
[tex]x = 10y - 110[/tex]
Find the rental rate for the Fords.
We have to find y, so:
[tex]2.5x + 2y = 49[/tex]
[tex]2.5(10y - 110) + 2y = 49[/tex]
[tex]25y - 275 + 2y = 49[/tex]
[tex]27y = 324[/tex]
[tex]y = \frac{324}{27}[/tex]
[tex]y = 12[/tex]
The rental rate for the Fords is of $12 per day.
The rationalisation factor of 2 + √3 is
step by step for BRAINLIST
Answers
Answer:
rationalising factor wud be
2 - root3
as on multiying both and applying identity we end up
2^2 - (root3)^2
4 - 3 = 1
we got a rational number so rationalisng factor is
2 - root3
A group of hens lays 69 eggs in a single day. On one particular day, there were 7 brown eggs and 62 white eggs. If four eggs are selected at random, without replacement, what is the probability that all four are brown?
Answers
Answer:
The probability will 4.32%.
The probability that all four are brown is 35/8,64,501.
Given that, A group of hens lays 69 eggs in a single day. On one particular day, there were 7 brown eggs and 62 white eggs.
What is the probability without replacement?Probability without replacement means once we draw an item, then we do not replace it back to the sample space before drawing a second item. In other words, an item cannot be drawn more than once.
If four eggs are selected at random, without replacement, the probability that all four are brown is 7/69 × 6/68 × 5/67 × 4/66
= 7/69 × 3/34 × 5/67 × 2/33
=7/23 × 1/17 × 5/67 × 1/33
=35/8,64,501
Therefore, the probability that all four are brown is 35/8,64,501.
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Suppose that there are two internet service providers in Kabwe, Eyeconnect and Topconnect.
Currently, Eyeconnect has 180 000 customers and Topconnect has 120 000 customers.
Assume that, every year, 10% of the customer base of Eyeconnect switches to Topconnect
and 5% of the customer base of Topconnect switches to Eyeconnect. For the purposes of this
question, suppose no customer leaves a company without switching to the other one and no
company attracts customers that are not leaving the other (that is, the only changes in
customer base come from switching between the two companies).
a. Find the number of customers of Eyeconnect and Topconnect after one year.
b. Find the number of customers of Eyeconnect after many years.
Answers
Answer:
a. 168000 for Eyeconnect, 132000 for Topconnect
b. 100,000
Step-by-step explanation:
a.
Because the change in customers are only due to leaving companies, we can say that, after one year, Eyeconnect loses 10% of its customers to Topconnect and Topconnect loses 5% of its customers to Eyeconnect. This represents all changes in customers.
First, we can calculate how much Eyeconnect loses, which is 10% of 180,000 = 0.1 * 180,000 = 18,000 . They then have 180,000 - 18,000 = 162,000 employees
Next, Topconnect loses 120,000 * 5% = 120,000 * 0.05 = 6,000. They then have 120,000-6,000 = 114,000 employees
We can then add the customer amounts. Note that we are subtracting both sides before adding as both companies gain and lose customers simultaneously.
We can then add how much one company lost to the other company's customers.
Eyeconnect gains 6,000 customers, so they then have 162,000 + 6,000 = 168000 employees. Topconnect gains 18,000 customers so they then have 114,000 + 18,000 = 132,000 employees
b.
After many years, the number of customers Eyeconnect has will be less than the number of customers that Topconnect has. One way to find the end amount of customers that Eyeconnect has is to figure out when the customer bases even out, or when Eyeconnect loses the same amount of customers as Topconnect so the customer base stays the exact same. We know that no customers leave or join the companies except to leave/join the other, so the total amount of customers between the two companies stays the exact same. The amount of customers is 180,000 + 120,000 = 300,000. Therefore, at the end amount,
Eyeconnect customers (E) + Topconnect customers (T) =300,000
Furthermore, if the amount of customers that leave Eyeconnect is the same that leaves Topconnect, we can say
E * 0.1 = T * 0.05
divide both sides by 0.05 to isolate the T
E * 0.1 / 0.05 = T
2 * E = T
plug that into the first equation
E + 2 * E = 300,000
3 * E = 300,000
divide both sides by 3 to isolate E
E = 100,000 after many years
The function f is defined by f(x) = 4x + 1. What is the value of f(3)?
O 13
O 17
O 65
O 82
Answers
Answer:
13
Step-by-step explanation:
f(x) = 4x + 1
Let x= 3
f(3) = 4*3+1
= 12+1
= 13
Suppose that we ask n randomly selected people whether they share your birthday. (a) Give an expression in terms of n for the probability that no one shares your birthday (ignore leap years). $$ Correct: Your answer is correct. (b) What is the least number of people we need to select so that the probability is at least 0.8 that at least one person shares your birthday
Answers
Using the binomial distribution, it is found that:
a) The expression is [tex]\left(\frac{364}{365}\right)^{n}[/tex]
b) You need to select at least 587 people.
For each person, there are only two possible outcomes, either they share your birthday, or they do not. The probability of a person sharing your birthday is independent of any other person, hence, the binomial distribution is used to solve this question.
Binomial probability distribution
[tex]P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}[/tex]
[tex]C_{n,x} = \frac{n!}{x!(n-x)!}[/tex]
The parameters are:
x is the number of successes. n is the number of trials. p is the probability of a success on a single trial.There are 365 days in a non-leap year, hence, the probability of each person sharing your birthday is [tex]p = \frac{1}{365}[/tex]
Item a:
This probability is P(X = 0), hence:
[tex]P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}[/tex]
[tex]P(X = 0) = C_{n,0}.\left(\frac{1}{365}\right)^{0}.\left(\frac{364}{365}\right)^{n} = \left(\frac{364}{365}\right)^{n}[/tex]
Hence, the expression is [tex]\left(\frac{364}{365}\right)^{n}[/tex]
Item b:
The probability that at least one person shares your birthday is:
[tex]P(X \geq 1) = 1 - P(X = 0)[/tex]
We want that:
[tex]P(X \geq 1) \geq 0.8[/tex]
Hence:
[tex]1 - P(X = 0) \geq 0.8[/tex]
[tex]P(X = 0) \leq 0.2[/tex]
Hence:
[tex]\left(\frac{364}{365}\right)^{n} \leq 0.2[/tex]
[tex]n\log{\left(\frac{364}{365}\right)} \leq \log{0.2}[/tex]
[tex]n \geq \frac{\log{0.2}}{\log{\left(\frac{364}{365}\right)}}[/tex]
[tex]n \geq 586.6[/tex]
Rounding up: You need to select at least 587 people.
To learn more about the binomial distribution, you can take a look at https://brainly.com/question/24863377
