The probability that Mary will win a game is 0.03, so the probability that she will not win is 0.97. If Mary wins, she will be given $60; if she loses, she must pay $3. If X = amount of money Mary wins (or loses), what is the expected value of X? (Round your answer to the nearest cent.)

Answers

Answer 1

The expected value of X is -$1.11. This means that on average, Mary can expect to lose $1.11 per game.

The probability that Mary will not win is 0.97; hence, the probability that she will win is 0.03.

Probability:

Probability is the likelihood of an event happening. It is a way of measuring the chance or the likelihood of an event occurring. Probability is measured on a scale from 0 to 1, where 0 is impossible and 1 is certain.

Probability = (number of favorable outcomes) / (total number of outcomes)

Expected value:

The expected value is the sum of the products of each outcome and its probability. It represents the average value that one can expect to win from a game by placing a bet on that game.

In a game where the probability of winning is 0.03 and the probability of losing is 0.97,

Mary will win $60 if she wins and lose $3 if she loses.

Then, the expected value of X (the amount of money Mary wins or loses) can be calculated as:

E(X) = (0.03)($60) + (0.97)($-3)

E(X) = $1.80 - $2.91E(X) ⇒ $-1.11

The expected value of X is -$1.11 (a negative value).

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Related Questions

3) Jiya walks 6 km due east and then 8 km due north. How far is she from her
starting place?
6 km
8 km

Answers

Answer:

10km

Step-by-step explanation:

Pythagoras

Formula=[tex]a^2+b^2=c^2[/tex]

[tex]6^{2} +8^{2} =c^2\\c^2=100\\c=\sqrt{100} \\c=10km[/tex]

The answer is 10
X^2=8^2+6^2

Will give brainlest to first correct answer!!!
Evelyn has a bag that contains 3 red marbles and 2 blue marbles.
Evelyn randomly pulls a marble from the bag and then puts it back in the bag. She repeats this 20 times. How many times should she expect to draw a red marble from the bag?

Answers

Answer:

She will draw 120 times for a red marble

Step-by-step explanation:

FOR BRAINLIEST!!

Directions: Solve for x. The figure is a parallelogram​

Answers

Answer:

Answer is in the picture

Step-by-step explanation:

Hope you understand :)

Answer:

x = 10

-----------------------------

According to one of the properties of a parallelogram, any two consecutive interior angles are supplementary.

We know supplementary angles add up to 180°.

Apply this property to the given parallelogram and set up the following equation:

35 + 14x + 5 = 18014x + 40 = 18014x = 140x = 10

venus is known as the ''cloudy planet'' because it is covered with thick, yelllow clouds. The gravity of venus is 90% of earths gravity. To calculate your weight on venus, multiply your weight by 0.9

Answers

Answer:

Step-by-step explanation:

How does Priestley present the theme of social class in Act 1? 3 paragraphs 80 POINTS!!!

INTRODUCTION: What are Priestley’s overarching ideas about the class system? How are Priestley’s ideas about class seen in Act 1 of the play?

PARAGRAPH 1 -

PARAGRAPH 2-

PARAGRAPH 3-

CONCLUSION: What are Priestley’s overarching ideas about the class system? How are Priestley’s ideas about class seen in Act 1 of the play?

if the shaded cross sections of the solids have the same area, which of the following corresponds to the value of a: the side length of the base of the square prism?

Answers

Therefore, the value of 'a' when the shaded cross-sections of the solids have the same area is

:a = √(4A/π).

To find out the value of a (side length of the base of the square prism) when the shaded cross-sections of the solids have the same area, we need to use the formula for the area of a square.

The area of a square is given by the formula: A = a², where 'a' is the side length of the square.

Now, let's look at the two solids given in the question.

The first solid is a square prism with base 'a' and height 'a'.The second solid is a right circular cylinder with radius 'a' and height '2a'.The cross-section of the square prism is a square with side length 'a'.The cross-section of the right circular cylinder is a circle with radius 'a'.

Given that the shaded cross-sections of the solids have the same area, we can equate the area of the square with the area of the circle.

A = πr², where 'r' is the radius of the circle Substituting the values of 'r' and 'a', we get:A = πa²/4 = a²/4Multiplying both sides by 4, we get:4A = πa²

Now we can solve for 'a' by taking the square root of both sides a = √(4A/π).

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What is the slope of the line passing through the points (4, -6) and (2, 3)?

Answers

Answer:

m = -9/2

Step-by-step explanation:

Slope = rise/run or (y2 - y1) / (x2 - x1)

Points (4, -6) (2, 3)

We see the y increase by 9, and the x decrease by 2, so the slope is

m = -9/2

I need help I need to show my work please help

Answers

Answer: 19

Step-by-step explanation:

This is an isosceles trapezoid. Note that because this is an isosceles trapezoid, QN and MP are equal. Use the lengths given and solve:

3x + 1 + 6 = 6x - 5

3x = 12

x = 4

Plug x = 4 in 3x + 1 + 6, and we get 3(4) + 1 + 6 = 12 + 7 = 19

Hope this helps!

Please help me solve this​

Answers

The ratio of the deposit to the total of the 12 equal payments is 3 : 5.

How to find the ratio of the deposit to the total of the 12 equal payments?

The VAT on the van is calculated as follows:

VAT = 20% * £8500 = £1700

Total cost = £8500 + £1700 = £10200

Total amount paid in the 12 equal payments = 12 * £531.25 = £6375

Deposit = £10200 - £6375 = £3825

Deposit : Total of 12 equal payments = £3825 : £6375 = 3 : 5

Therefore, the ratio of the deposit Raya pays to the total of the 12 equal payments is 3 : 5.

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Can someone please help me with this?

Answers

Answer:

Yes they are congruent

Option B is correct

Step-by-step explanation:

Opisite sides of parallelogram are congurent so,

BA is congruent to CD (side)

And

BE I congruent to ED (Side)

AE is congruent to EC (Side)

So according to side-side-side congurence theorem triangle ABE is congruent to triangle CDE

Hope you understand :)

7) 99 was divided by some number, then added to 15. Next, this sum was
multiplied by 8, which gave a product of 48. Find this number.

Answers

Answer:

-11

Step-by-step explanation:

48 ÷8=6-15=-9

99÷-9=-11

A triangle is shown on the coordinate plane below.
1 unit
H
y
(-1,9) of
-(-1, 2)
7
6
5
-3
3 d
(7,2)
-7-6-5-4-3-2-1 0 1 2 3 4 5 6 7
-11
-2
What is the area of the triangle?
Il unit
X

Answers

You answer would be mate it would be x=66

if other factors are held constant, which of the following sets of data would produce the largest t-statistic for an independent-samples t-test?

Answers

The set of data that would produce the largest t-statistic for an independent-samples t-test is the one with the largest difference between the sample means and the smallest variability within each sample.When other factors are held constant, the t-statistic for an independent-samples t-test is given by the following formula:

t=(x1 − x2)/ SEwhere x1 and x2 are the means of the two samples, and SE is the standard error of the difference between the means. The standard error of the difference between the means is given by:SE = sqrt [s1^2/n1 + s2^2/n2]where s1 and s2 are the standard deviations of the two samples, and n1 and n2 are the sample sizes. Therefore, the t-statistic can be maximized by maximizing the difference between the sample means and minimizing the variability within each sample.Therefore, the set of data that would produce the largest t-statistic for an independent-samples t-test is the one with the largest difference between the sample means and the smallest variability within each sample.

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If p(x) is the total value of the production when there are x workers in a plant, then the average productivity of the workforce at the plant is A(x) p(x) * (a) Find A'(x). Why does the company want to hire more workers if A'(x) > 0? (b) Show that A'(x) > 0 if p'(x) is greater than the average productivity.

Answers

The average productivity of the workforce, A(x), is given by

A(x) = p(x)/x,

where p(x) is the total value of the production when there are x workers in the plant.

A'(x) is the derivative of A(x) with respect to x.

A'(x) = (p(x)/x)' = (p'(x)x - p(x))/x^2.

The company wants to hire more workers if A'(x) > 0 because it means that the average productivity of the workforce is increasing with additional workers.

A'(x) > 0 if p'(x) is greater than the average productivity, which is p(x)/x.

Therefore, A'(x) > 0 if p'(x) > p(x)/x.
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Barbara is going to buy a shirt for 15.00$ and a pair of pants for 25.00$. She has to also pay 7% sales tax. If Barbara pays with a 50$ bill, how much change will she get back?

Answers

Barbara will get $7.20 back in change.

What exactly is a sales tax?

A sales tax that is typically added to the selling price by the seller.

Without tax, the total cost of the shirt and pants is:

$15.00 + $25.00 = $40.00

The sales tax is 7% of $40.00, which is as follows:

0.07 x $40.00 = $2.80

So, with tax, the total cost of the shirt and pants is:

$40.00 + $2.80 = $42.80

If Barbara pays with a $50 bill, she will receive the following change:

$50.00 - $42.80 = $7.20

As a result, Barbara will receive $7.20 in change.

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(5 points) For each of the following vector spaces, write down the zero vector. No justification required.a. (1 point) The vector space R 4 with the standard vector addition/scalar multiplication.b. (1 point) The vector space P3 with standard polynomial addition/scalar multiplication.c. (1 points) The vector space M22 with standard matrix addition/scalar multiplication.d. (2 points) The vector space M23 with standard matrix addition/scalar multiplication.

Answers

Here are the solutions:

a) R4 = {(a, b, c, d) | a, b, c, d ∈ R}

b) P3 = {a0 + a1x + a2x^2 + a3x^3 | a0, a1, a2, a3 ∈ R}

c) M22 = {(aij) | i, j = 1, 2}

d) M23 = {(aij) | i = 1, 2, j = 1, 2, 3}

For the given vector space R4 with the standard vector addition/scalar multiplication, the zero vector is the following: 0 = [0, 0, 0, 0].b) For the given vector space P3 with standard polynomial addition/scalar multiplication, the zero vector is the following: 0(x) = 0.c) For the given vector space M22 with standard matrix addition/scalar multiplication, the zero vector is the following:[0 0] [0 0]d) For the given vector space M23 with standard matrix addition/scalar multiplication, the zero vector is the following:[0 0 0][0 0 0].

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Bernie helped design a magician costume for a school play. He used 5.75 feet of ribbon for the magician's wand. He used 11.75 feet of the same ribbon to decorate the magician's robe. If Bernie used $10.50 of ribbon in all, how much did the ribbon cost per foot?

The best solution gets brainlist

Answers

The ribbon cost $0.60 per foot.

Solution:

[tex]\text{Total number of ribbon used} = (5.75 + 11.75) = 17.50 \ \text{feet}[/tex]

[tex]\text{17.50 feet of ribbon cost} = \$10.50[/tex]

[tex]\text{1 foot of ribbon cost = x}[/tex]

Cross Multiply

[tex]17.50 \times x = 1 \ foot \times \$10.50[/tex]

[tex]x = 1 \ foot \times 10.50\div17.50[/tex]

[tex]x = \$0.60[/tex]

Therefore, The ribbon cost per foot $0.60 per foot.

Who ever helps me, Get 100 points

Answers

Step-by-step explanation:

a) Area=144m²

side²= 144

side=12m

b) perimeter=32m

4×side=32

side=32/4

side=8m

Can someone help me find the elevation of the sun I need the answers that are highlighted in yellow please help image below

Answers

By using Pythagοrean theοrem, the angle οf elevatiοn tο the sun, vertical height, hοrizοntal distance, slant height, tangent and angle οf elevatiοn is 51°

What is Pythagοrean theοrem ?

The Pythagοrean theοrem is a fundamental result in Euclidean geοmetry that describes the relatiοnship between the three sides οf a right-angled triangle.

In equatiοn fοrm, this can be written as:

[tex]c^2 = a^2 + b^2[/tex]

Where c is the length οf the hypοtenuse, and a and b are the lengths οf the οther twο sides (alsο knοwn as the legs) οf the right-angled triangle.

a) The Name οf the angle οf elevatiοn is: angle οf elevatiοn tο the sun

b) The Name οf the Hypοtenuse side is: vertical height (bοdy height)

c) The Name οf the Oppοsite side is: hοrizοntal distance (shadοw length)

d) The Name οf the Adjacent side is: slant height (hypοtenuse οf the triangle fοrmed by the bοdy, the tip οf the shadοw, and the sun)

e) The Trig Ratiο I will be using is: tangent (οppοsite/hypοtenuse) because we are given the οppοsite side and the hypοtenuse.

f) Shοw the wοrk tο find the angle οf elevatiοn. Rοund tο the nearest degree:

tan(angle οf elevatiοn) = οppοsite/hypοtenuse

tan(angle οf elevatiοn) = 45/34

angle οf elevatiοn [tex]= tan^{-1(45/34)[/tex]

angle οf elevatiοn ≈ 51°

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A 17-ft ladder is leaning against the side of a house. The top of the ladder is sliding down the house at rate of 5 ft/sec. a) Determine how fast the bottom of the ladder is sliding away when the top of the ladder is 8 feet from the ground. b) At what rate is the angle o between the ladder and the ground is changing then.

Answers

a) d/dt [√(289 - 8²)] = d/dt [√(255)] = d/dt [√(5²*17)] = 5/2√17 m/s.

b) The required value is the rate of change of x when the top of the ladder is 8 feet from the ground, then y = 15 feet.

a) Determine how fast the bottom of the ladder is sliding away when the top of the ladder is 8 feet from the ground. As the ladder leans against the side of the house, it makes a right angle with the ground. Using Pythagorean Theorem, the length of the ladder is given by.

Ladder length = √(hypotenuse)² - (height)²= √(17² - height²) meters. Taking the derivative of both sides of this equation, we get: dL/dt = [d/dt √(289 - h²)] meters/sec. Let h = 8 feet, dL/dt = -5 feet/sec.

Thus, the rate of change of the bottom of the ladder is d/dt [√(289 - h²)] meters/sec when the top of the ladder is 8 feet from the ground, and the bottom of the ladder is sliding away at a rate of 5 feet/sec.

b) At what rate is the angle o between the ladder and the ground changing then. Let y be the height of the ladder and the angle it makes with the ground be x. From the given values, y = 17 cos x.

Taking the derivative of both sides with respect to time: dy/dt = -17 sin x (dx/dt)In the given problem, dx/dt = -5/17sin x. Then, dy/dt = 5 sin x cos x= (5/2) sin 2x.

Solving this value of sin x by Pythagorean Theorem, sin x = 8/17. Substituting the value in the equation for the derivative, we get: dy/dt = (5/2) * sin 2x= (5/2) * sin 2(arc sin(8/17))= (5/2) * (2*8/17 * 15/17)= (600/289) ft/sec.

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A principal gathered data about the distance in miles that his teachers and bus drivers live from the school

Answers

A principal gathered data about the distance in miles that his teachers and bus drivers live from the school. then, the interquartile range of the distances for the bus drivers in 5 miles less than the interquartile range of the distance for the teacher.

Interquartile Range:

In descriptive statistics, the interquartile range (IQR) is a measure of the statistical distribution, the distribution of data. IQR can also be referred to as bad reading, 50% mean, fourth distribution, or H-distribution. It is defined as the difference between the 75th and 25th percentile of the data. To calculate the IQR, the data set is divided into quartiles, or four parts of equal rank by linear interpolation. These quartiles are represented by Q1 (also known as the lower quartile), Q2 (the median) and Q3 (also known as the upper quartile).

The lower quartile is the 25th percentile and the upper quartile is the 75th percentile, so IQR = Q3 − Q1

Basically, the interquartile range represents the width or “spread” of the collection. The interquartile range is determined by the difference between the upper quartile (highest 25%) and lower quartile (lowest 25%) points of a data set.

From the figure, we can find:

The interquartile range of the bus driver is: 20 -10 = 10

The interquartile range of the teacher is: 30 -15 = 15

Therefore,

the interval interquartile distance is bus The driver's distance was 5 miles less than the interquartile range of the teacher's distance.

Complete Question:

A principal gathered data about the distance in miles that his teachers and bus drivers live from the school .The box plots below show these data.

(1) The inter Quartile range of the distances for the bus driver is twice the interquartile range of the distances for the teachers.

(2) The range of the distances for the teachers is twice the range of the distances for the bus drivers.

(3) the interquartile range of the distances for the bus drivers in 5 miles less than the interquartile range of the distance for the teacher.

(4) The range of the distances for the teachers is 5 miles less than the range of the distances for the bus driver.

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Answer: C. The interquartile range of the distances for the bus drivers is 5 miles less than the interquartile range of the distances for the teachers.

To refresh your memory of 9th grade math read Chapter 12. Complete the following table of angle and side measurements. Right Angles Angle A B C a b c
1 40 __ 90 __ __ 55 2 __ 55 __ __ 77 __
3 35 __ __ __ 68 83
4 __ __ __ 50 70 __

Answers

To refresh your memory of 9th-grade math, read Chapter 12. Complete the following table of angle and side measurements.

Right AnglesAngleA B C a b c

1 40 50 90 50 40 552 35 55 90 55 35 77

3 35 55 90 55 35 684 30 60 90 60 30 855 60 30 90 60 30 906 45 45 90 45 45 63

The above given table represents the values of angles and sides of the right-angled triangles. In the right-angled triangle, one angle measures 90°, and this angle is known as the right angle.

Further, the sum of other two angles measures 90°.In the above table, a, b and c are sides, and angles A, B, and C are opposite angles of a, b, and c, respectively.

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19. Assertion(A): The graph of the linear equation 7x - 2y = 6 cuts the Y-axis at the point (0, -3). Reason(R): The coordinates of any point on the Y-axis is (a, 0), where a is any real number. pls help
get the answer ​

Answers

Answer:

Pretty sure its C

Step-by-step explanation:

To cut through y axis, x axis is always 0, So it would be (0, a) where a is any real number, not (a,0) as is given in reason.

Which two angles in the triangles below are complementary?

I NEED HELPPPPPPPP

Answers

Answer:

∠ BAC and ∠ CAD

Step-by-step explanation:

• Complementary angles sum to 90°

∠ BCA and ∠ ACD are a linear pair and sum to 180°

∠ BCA + 110° = 180° ( subtract 110° from both sides )

∠ BCA = 70°

the sum of the 3 angles in a triangle = 180°

in Δ ABC

∠ BAC + 55° + 70° = 180°

∠ BAC + 125° = 180° ( subtract 125° from both sides )

∠ BAC = 55°

in Δ ACD

∠ CAD + 110° + 35° = 180°

∠ CAD + 145° = 180° ( subtract 145° from both sides )

∠ CAD = 35°

then

∠ BAC + ∠ CAD = 55° + 35° = 90°

∠ BAC and ∠ CAD are complementary

Answer:

  (a)  ∠BAC and ∠CAD

Step-by-step explanation:

You want to know which angles in the figure are complementary.

Complementary angles

Two angles are complementary when the total of their measures is 90°. In the given figure, triangle ABD is a right triangle with the right angle at vertex A.

The two acute angles at vertices B and D will be complementary:

  ∠ABC and ∠CDA . . . . . not on the list of choices

Ray AC divides the right angle into two complementary parts:

  ∠BAC and ∠CAD . . . . . first choice on the list

__

Additional comment

The two smaller triangles are isosceles. Angles CDA and CAD are both 35°, so have a sum of 70°. Likewise, angles ABC and BAC are both 55°, with a sum of 110°.

Angles BCA and ACD are a linear pair, so have a sum of 180°. They are supplementary, not complementary.

If 140 men working 10 hours a day can build a house in 16 days, find out how many men will build same kind of house in 12 days by working 13 hours a day?

Answers

We need 144 men to build the house in 12 days working 13 hours a day.

Let M be the number of men needed to build the house in 12 days working 13 hours a day.

140 x 10 x 16 = M x 13 x 12

Simplifying the equation, we get:

22400 = 156M

Dividing both sides by 156, we get:

M = 144.1

An equation in mathematics is a statement that two expressions are equal. It consists of two sides, the left-hand side (LHS) and the right-hand side (RHS), separated by an equal sign (=). The expressions on either side can be numbers, variables, or combinations of both. The equation expresses that the values of the expressions on both sides are equivalent.

Equations play a fundamental role in many areas of mathematics and are used to model various real-world situations, such as physics, engineering, and finance. They can be solved using various techniques, such as substitution, elimination, or graphing, to find the values of the variables that satisfy the equation.

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The 1948 and 2018 temperatures at 197 random locations across the globe were compared and the mean difference for the number of days above 90 degrees was found to be 2.9 days with a standard deviation of 17.2 days. The difference in days at each location was found by subtracting 1948 days above 90 degrees from 2018 days above 90 degrees.
What is the lower limit of a 90% confidence interval for the average difference in number of days the temperature was above 90 degrees between 1948 and 2018?
What is the upper limit of a 90% confidence interval for the average difference in number of days the temperature was above 90 degrees between 1948 and 2018?
What is the margin of error for the 90% confidence interval?
Does the 90% confidence interval provide evidence that number of 90 degree days increased globally comparing 1948 to 2018?
Does the 99% confidence interval provide evidence that number of 90 degree days increased globally comparing 1948 to 2018?
If the mean difference and standard deviation stays relatively constant would decreasing the degrees of freedom make it easier or harder to conclude that there are more days above 90 degrees in 2018 versus 1948 globally.
If the mean difference and standard deviation stays relatively constant does lowering the confidence level make it easier or harder to conclude that there are more days above 90 degrees in 2018 versus 1948 globally.

Answers


The lower limit of a 90% confidence interval for the average difference in the number of days the temperature was above 90 degrees between 1948 and 2018 is -22.8 days and the upper limit is 28.6 days.

The margin of error for the 90% confidence interval is 25.4 days.

The 90% confidence interval does provide evidence that the number of 90-degree days increased globally comparing 1948 to 2018.

The 99% confidence interval also provides evidence that the number of 90-degree days increased globally comparing 1948 to 2018.

If the mean difference and standard deviation stay relatively constant, decreasing the degrees of freedom would make it harder to conclude that there are more days above 90 degrees in 2018 versus 1948 globally.

Lowering the confidence level would also make it harder to conclude that there are more days above 90 degrees in 2018 versus 1948 globally.

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Amina was given 25% trade discount on an article listed 0.75p she sold it with a cash discount of 5% find Amina's percentage profit​

Answers

Amina's percentage profit is 25%, as the percentage profit must be rounded down to the nearest whole number.

What is profit?

Profit is an important concept in economics and finance, referring to the difference between the cost of production and the revenue generated from the sale of goods and services. It is a measure of success and financial performance and is used to analyze the profitability of a business. Profit is generally expressed as a percentage of revenue or as a dollar amount.

To calculate this, first find the cost of the article after the trade discount:
Article Cost = 0.75p - (0.75p * 0.25) = 0.75p * 0.75 = 0.5625p
Next, find the cost of the article after the cash discount:
Article Cost = 0.5625p - (0.5625p * 0.05) = 0.5625p * 0.95 = 0.5343p
Finally, calculate the percentage profit:
Percentage Profit = (0.75p - 0.5343p) / 0.75p * 100 = 0.2167 / 0.75 * 100 = 28.89%
Amina's percentage profit is 25%, as the percentage profit must be rounded down to the nearest whole number.

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Which number has a 3 with a value 100 times greater than the three in 62,091.384

Answers

Answer:

You didn't give any options, but I'm guessing one of them has a 3 in the tens digits, which should be the right answer

Step-by-step explanation:

300?

the combined score on this test ranges from 400 to 1600. if you were to randomly draw five numbers from a 400-1600 number set, what is the probability that the medium score of the actual 2022 sat results is contained in between the highest and lowest value of these five random numbers?

Answers

The combined score on the 2022 SAT test ranges from 400 to 1600. If you were to randomly draw five numbers from a 400-1600 number set, the probability that the medium score of the actual 2022 SAT results is contained in between the highest and lowest value of these five random numbers is approximately 0.004%

How do we find the probability?

To find the probability that the medium score of the actual 2022 SAT results is contained in between the highest and lowest value of these five random numbers, we need to find the probability of the following event: “the three other random numbers drawn lie between the highest and lowest values.

The probability of choosing one of the five numbers that falls within the range is (1600 – 400)/1201 = 1/2.25.

The first number can be any number within the 400-1600 range, so the probability is 1.The second number must lie within the range created by the highest and lowest values of the first number, which has a width of 1201. Thus, the probability is 1201/3201.

The third number must lie within the range created by the highest and lowest values of the first two numbers, which has a width of 801. Thus, the probability is 801/2401.The fourth and fifth numbers must lie within the range created by the highest and lowest values of the first three numbers, which has a width of 401.

Thus, the probability is 401/1601.Therefore, the probability of the medium score of the actual 2022 SAT results being between the highest and lowest values of these five random numbers is (1/2.25) * (1201/3201) * (801/2401) * (401/1601) * 1 = 0.000038 or approximately 0.004%.

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A battery is charged. The percentage of the battery’s capacity that is charged as a function of time (in minutes) is graphed.

Answers

Answer:

what

Step-by-step explanation:

what

Let A denote the balance at the end of Month n for each month where the balance is positive. To find a formula for An, we can do the following. For Month 1, note that A1 = 4000(1.015) - 100 For Month 2, note that A2 =[4000(1.015 ) – 100] (1.015) – 100
= 4000(1.015)^2 – 100 - 100(1.015) For Month 3, note that A3 = [4000(1.015)^2 - 100 - 100(1.015)] (1.015) - 100 = [4000(1.015)^3 - 100 - 100(1.015)] - 100(1.015)^2
B. (6 pts) (Formulas for An) i. Give a recursive formula for An. Make sure to show that the formula is consistent with the results for n= 1,2,3 on the previous page. ii. Give an explicit formula for An in summation notation that captures the pattern exhibited at the bottom of the previous page. Make sure to show that the formula is consistent with the results for n = 1,2,3 on the previous page.

Answers

(a) The recursive formula for An is: An = (1.015)An-1 - 100.

(b) The explicit formula for An in summation notation is: An = 4000(1.015)^n - 100[1 + (1.015) + (1.015)^2 + ... + (1.015)^(n-1)].

(a) This formula says that to find the balance for month n, we take the balance for month n-1, multiply it by 1.015 (to account for the interest rate), and subtract 100 (to account for the withdrawal). This formula is consistent with the results for n=1,2,3 on the previous page.

(b) The explicit formula for An in summation notation is: An = 4000(1.015)^n - 100[1 + (1.015) + (1.015)^2 + ... + (1.015)^(n-1)].

This formula says that to find the balance for month n, we take the starting balance of 4000 multiplied by the interest rate raised to the power of n, and then subtract the sum of 100 multiplied by the geometric series (1 + r + r^2 + ... + r^(n-1)), where r = 1.015. This formula is consistent with the results for n=1,2,3 on the previous page.

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