A brokerage survey reports that 28% of all individual investors have used a discount broker (one that does not charge the full commission). If a random sample of 105 individual investors is taken, approximate the probability that at least 30 have used a discount broker. Use the normal approximation to the binomial with a correction for continuity. Round your answer to at least three decimal places. Do not round any intermediate steps. (If necessary, consult a list of formulas.

Answers

Answer 1

Approximate probability that at least 30 have used a discount broker: 0.918

In this scenario, we are given that 28% of all individual investors have used a discount broker. We want to approximate the probability of at least 30 out of 105 investors having used a discount broker. To solve this, we can use the normal approximation to the binomial distribution, which is valid when the sample size is large enough.

To apply the normal approximation, we need to calculate the mean (μ) and standard deviation (σ) of the binomial distribution. The mean can be found by multiplying the sample size (n) by the probability of success (p). In this case, μ = n * p = 105 * 0.28 = 29.4. The standard deviation is the square root of (n * p * q), where q is the probability of failure (1 - p). So, σ = sqrt(n * p * q) = sqrt(105 * 0.28 * 0.72) = 4.319.

Since we are interested in the probability of at least 30 individuals using a discount broker, we can use the normal distribution to approximate this probability. However, since the binomial distribution is discrete and the normal distribution is continuous, we need to apply a correction for continuity.

To calculate the probability, we convert the discrete distribution into a continuous one by considering the range from 29.5 (30 - 0.5, applying the continuity correction) to infinity. We then standardize this range using the z-score formula: z = (x - μ) / σ, where x is the value we are interested in (29.5) and μ and σ are the mean and standard deviation, respectively.

After standardizing, we consult the standard normal distribution table or use a calculator to find the cumulative probability associated with the z-score. In this case, the probability corresponds to the area under the curve to the right of the z-score. We find that the z-score is approximately 0.0348. Thus, the probability of having at least 30 individuals who have used a discount broker is approximately 1 - 0.0348 = 0.9652.

However, we need to subtract the probability of exactly 29 individuals using a discount broker from this result. To find this probability, we calculate the cumulative probability up to 29 using the z-score formula and subtract it from 0.9652. By doing this, we find that the probability of at least 30 individuals using a discount broker is approximately 0.918.

Learn more about probability

brainly.com/question/32117953

#SPJ11


Related Questions

What is the greatest common factor of
12x3 + 6xy + 18x?

Answers

Answer:

6x

Step-by-step explanation:

12x^3, 6xy, and 18x can all be evenly divided by 6x

Cereal box Design Project Connexus
30 points

Answers

The most cost-efficient container is the Rectangular Prism.

1. Rectangular Prism:

Volume: V = lwh = 10 x 5 x 15 = 750 cubic units

Cost: C = $0.01 x 750 = $7.50

Cost per unit volume: C/V = $7.50 / 750 = $0.01 per cubic unit

2. Rectangular Pyramid:

Volume: V = (1/3) x lwh = (1/3) x 10 x 5 x 15 = 250 cubic units

Cost: C = $0.02 x 250 = $5.00

Cost per unit volume: C/V = $5.00 / 250 = $0.02 per cubic unit

3. Cylinder:

Volume: V = πr²h = π x 5² x 15 ≈ 1178.1 cubic units

Cost: C = $0.015 x 1178.1 = $17.67

Cost per unit volume: C/V = $17.67 / 1178.1 ≈ $0.015 per cubic unit

Now, comparing the cost per unit volume for each container:

a. Rectangular Prism: $0.01 per cubic unit

b. Rectangular Pyramid: $0.02 per cubic unit

c. Cylinder: $0.015 per cubic unit

The container with the lowest cost per unit volume is the Rectangular Prism, with a cost of $0.01 per cubic unit.

Learn more about Volume here:

https://brainly.com/question/13338592

#SPJ1

Please help me! I need help solving this!

Answers

Answer:

18

Step-by-step explanation:

if An = n+4

then A14 = 14+4 = 18

that's all .....have fun

I think the answer is 161

HELP I WILL MARK BRAINLIEST

Answers

Answer:

the answer is A.

Step-by-step explanation:

The answer is A I’m pretty sure

Someone plsss helppp

Answers

Answer:

wtfrick- that's so confusing

Step-by-step explanation:

sorry I don't have an answer wish this was a comment

Sketch the graph for each function. Choose either A, B, C, or D.

Answers

Hi. Here it is!
I hope this help...

—> And the answer is letter A

Explain, using complete sentences, how you would reconcile your check register with your monthly bank statement

Answers

How do you reconcile a bank statement?

Step 1: Adjust the bank statement balance. All your transactions for the month may not be on your bank statement. ...

Step 2: Adjust the check register balance. Your bank statement may include items that you didn't record in the check register. ...

Step 3: Compare the adjusted balances.

HELP PLEASE VERY MUCH AND THANK YOU!!! look at screenshot

Answers

Answer:A

Why: Because 3-6 reduces to 1-2

Answer:

They are both correcte

Step-by-step explanation:

Imagine a pizza with 6 slices

Half of 6 slices is 3 slices, or 3/6

If you simplify 3/6, you will get 1/2

So, both fractions are equal, but in different forms.

For better context see images below!

If you are given a 16 sided dice. What is the
probability that you get a number less than or
equal to 5?

Answers

Answer:

numbers less than 5 are 1,2,3,4 and equal to 5 is 5.

probability of less than 5 is 4/16

while equal to 5 is 1/16

or means additions; so its 4/16 +1/16=5/16

Evaluate the work done between point 1 and point 2 for the conservative field F.
F = (y + z) i + x j + x k; P 1(0, 0, 0), P 2(9, 10, 8)
a) W = 0
b) W = 90
c)W = 18
d)W = 162

Answers

Option (d) W = 162 is the correct answer.

The question asks us to evaluate the work done between point 1 and point 2 for the conservative field F, where F = (y + z) i + x j + x k, P 1(0, 0, 0), P 2(9, 10, 8).

Step-by-step solution: Let us find the work done (W) between point 1 and point 2 using line integral of vector field F. The formula for line integral of vector field F along the curve C is as follows:$$W=\int_C{F\cdot dr}$$Since we know the points, let us find the curve C, which is the line joining the two points P1 and P2. Let P1 be the initial point and P2 be the final point. The equation of the line in vector form is given by:$$r=t{(x_2 - x_1 )\over ||\overrightarrow{P_1P_2}||} + P_1$$Where t varies from 0 to 1.Now, let's substitute the given values:$${\overrightarrow{P_1P_2}} = \left\langle {9 - 0,10 - 0,8 - 0} \right\rangle = \left\langle {9,10,8} \right\rangle $$Hence,$${\overrightarrow{P_1P_2}} = ||\overrightarrow{P_1P_2}|| = \sqrt {9^2 + 10^2 + 8^2}  = \sqrt {245} $$Let the position vector be r(t) = xi + yj + zk. Then, the vector dr = dx i + dy j + dz k.Substitute r(t) and dr in the formula of line integral. Then,$$W = \int_C {F\cdot dr}  = \int_0^1 {\left\langle {y + z,x,x} \right\rangle \cdot \left\langle {\frac{{dx}}{{dt}},\frac{{dy}}{{dt}},\frac{{dz}}{{dt}}} \right\rangle dt} $$On integrating with respect to t, we get,$$W = \int_0^1 {((y + z)\frac{{dx}}{{dt}} + x\frac{{dy}}{{dt}} + x\frac{{dz}}{{dt}})dt} $$We know that x = 0, y = 0, z = 0 at P1 and x = 9, y = 10, z = 8 at P2.Substituting these values in the above integral, we get,$$W = \int_0^1 {((y + z)\frac{{dx}}{{dt}} + x\frac{{dy}}{{dt}} + x\frac{{dz}}{{dt}})dt} $$On integrating, we get the value of W as:$$W = \int_0^1 {(8t + 10t)(\frac{{9}}{{\sqrt {245} }})dt}  + \int_0^1 {(9t)(\frac{{10}}{{\sqrt {245} }})dt}  + \int_0^1 {(9t)(\frac{8}{{\sqrt {245} }})dt} $$Simplifying further, we get,$$W = \frac{{18}}{{\sqrt {245} }}\int_0^1 {t(8 + 10)dt}  + \frac{{72}}{{245}}\int_0^1 {t^2 dt}  = \frac{{18}}{{\sqrt {245} }}\int_0^1 {18tdt}  + \frac{{72}}{{245}}[\frac{{{t^3}}}{3}]_0^1 $$On evaluating the integral and simplifying, we get the final answer.$$W = \frac{{81}}{{\sqrt {245} }}$$

Know more about work done here:

https://brainly.com/question/32236321

#SPJ11

If f(x) = 3x^0 - 2x^-1 +4 then f(2)=

Answers

Answer:

try this link

Step-by-step explanation:

https://www3.nd.edu › WorkPDF

Web results

MATH 10550, EXAM 1 SOLUTIONS 1. If f(2) = 5, f(3) = 2, f(4) = 5, g(2 ...

Ben wants to join a fitness club. The fitness club charges an initial membership fee of $49.50 and a monthly fee of 17.50. Part B ben's company will pay $300.00 each year toward his fitness club membership. Ben thinks he will have to pay $40.50 for his membership his first year. Is he correct?​

Answers

Answer:

no he is not correct

Step-by-step explanation:

def simulate(xk, yk, models): model = linearregression() (x, y) predictions = [model.predict(xk) for model in models]

Answers

The code simulates predictions using linear regression models on input data (xk, yk) and stores the predictions in the list "predictions".

The code snippet provided performs a simulation using linear regression models on input data (xk, yk) to generate predictions. Here is a step-by-step explanation:

Initialize a list called "predictions" to store the predicted values.

Iterate over the list of models. For each model:

Use the model to predict the values of y for the given input data xk. Append the predicted values to the "predictions" list.

By using the linear regression models, the code generates predictions based on the provided input data (xk). Each model in the "models" list is applied to the input data, and the predicted values for y are stored in the "predictions" list.

It's worth noting that the code assumes the existence of a linear regression model called "linear regression()" which is used to make predictions. The input data (xk, yk) is expected to be in a format compatible with the linear regression models for accurate prediction generation.

LEARN MORE ABOUT linear regression here: brainly.com/question/32505018

#SPJ11

Find the potential function f for the field F.
F = (y - z) i + (x + 2y - z) j - (x + y) k
f(x, y, z) = xy + y2 - x - y + C
f(x, y, z) = xy + y2 - xz - yz + C
f(x, y, z) = x(y + y2) - xz - yz + C
f(x, y, z) = x + y2 - xz - yz + C

Answers

Answer is f(x, y, z) = xy + y² - xz - yz + C

Given field, F is F = (y - z) i + (x + 2y - z) j - (x + y) k

To find potential function f,

we need to find the antiderivative of each component of F, with respect to its respective variable.

The antiderivative of the x-component is

∫ (y - z) dx= xy - xz + C1

The antiderivative of the y-component is

∫ (x + 2y - z) dy= xy + y² - yz + C2

The antiderivative of the z-component is:

∫ -(x + y) dz= -xz - yz + C3

Therefore, potential function f is

f(x, y, z) = xy + y² - xz - yz + C.

To know more about the potential function, click here;

https://brainly.com/question/30098140

#SPJ11

A plane is flying at an altitude of 7000 feet. The angle of elevation to the plane from a truck travelling on a highway is about 68.5 degrees. How far apart are the plane and the truck?

Answers

Answer: About 2477.16 feet

Step-by-step explanation:

Find the limit by substitution.

lim (e^x sin x)
x→5x

Answers

The overall limit of the expression (e^x sin x) as x approaches 5x is undefined.

To find the limit of (e^x sin x) as x approaches 5x, we can substitute 5x into the expression and evaluate the result.

lim (e^x sin x)    (substituting 5x for x)

x→5x

= lim (e^(5x) sin (5x))

x→5x

Now, let's analyze the behavior of the function as x approaches 5x. As x approaches 5x, the value of x becomes much larger, approaching infinity. In this case, we can examine the limits of the individual components.

1. Limit of e^(5x) as x approaches infinity:

lim e^(5x) = ∞

x→∞

Exponential functions grow exponentially as their input approaches infinity, so the limit of e^(5x) as x approaches infinity is infinity (∞).

2. Limit of sin (5x) as x approaches infinity:

lim sin (5x) = DNE

x→∞

The sine function oscillates between -1 and 1 as its input increases indefinitely. Therefore, it does not approach a specific limit as x approaches infinity.

Combining these results, we have:

lim (e^(5x) sin (5x))

x→∞

Since the limit of e^(5x) is ∞ and the limit of sin (5x) does not exist, the overall limit of the expression (e^x sin x) as x approaches 5x is undefined.

Learn more about functions here:

https://brainly.com/question/31062578

#SPJ11

What is the solution to the equation

Answers

Answer:

n=1

Step-by-step explanation:

4/5n-3/5=1/5n

4n/5-3/5=1/5n

4n/5-3/5=n/5

4n-3/5=n/5

4n-3=n

-3=n-4n

-3=-3n

1=n

n=1

Answer:

n=1

isolate the n's on one side and isolate the 3/5 to the other

4/5n-1/5n = 3/5

3/5n = 3/5

n=1

The formula to convert Celcius to Fahrenheit is F=\frac{9}{5}C+32F=
5
9

C+32. If the temperature is -22°F−22°F what is the temperature in Celcius.

Answers

Answer:

-30C -  -5.56C

Explain why this is wrong:
(Student's Solution): "Factor the polynomial"
y^2-6y+9=y^2-2(y)(3)+3^2 = (y-3)(y+3)
Note: Please help, I have been working on this for like 4 days im so tired.

Answers

Answer:

See below.

Step-by-step explanation:

y^2 - 6y + 9 can be changed correctly into y^2 - 2(y)(3) + 3^2.

Up to here, it's correct.

The right side above shows a polynomial that is the square of a binomial.

It factors into (y - 3)^2.

The correct factorization is (y - 3)^2.

The incorrect factorization of the student's solution is the product of a sum and difference.

The product of a sum and a difference is the correct factorization for a difference of squares.

For example, y^2 - 9 is the same as y^2 - 3^2 and is a difference of squares.

It factors into (y + 3)(y - 3), a product of a sum and a difference.

A spinner has the numbers 11-20 on it. What is the probability that it will land on a multiple of 3?

Answers

Answer:

[tex]P(A) = \frac{3}{10}[/tex]

Step-by-step explanation:

Given

[tex]S = \{11,12,13,14,15,16,17,18,19,20\}[/tex]

Required

The probability of having a multiple of 3

Let the event of having a multiple of 3 be represented as: A

So:

[tex]A = \{12,15,18\}[/tex]

[tex]n(A) = 3[/tex]

So, the probability is:

[tex]P(A) = \frac{n(A)}{n(S)}[/tex]

Where

[tex]n(S) = 10[/tex] i.e. the sample size

So:

[tex]P(A) = \frac{n(A)}{n(S)}[/tex]

[tex]P(A) = \frac{3}{10}[/tex]

Which of the following identify all the names that apply to the given quadrilateral?
A Square
B Rectangle, Square
C Parallelogram, Rectangle, Square
D Parallelogram, Rhombus, Rectangle, Square
3

Answers

D is the right answer because the quadrilateral is the father of every other shape lol

Need Help ASAP!!! I don’t get it

Answers

Answer:

Step-by-step explanation:

134-(-80)=134+80=214

Let's say, LM30 has entered the Barcelona camp for the last time with a backpack of W Kg before moving to PSG. After a while he needs to carry his memorable products without breaking anything by using that backpack. Now your task is to apply a suitable algorithm to help LM30 to choose his best items. In mathematical form, LM30 has a set of N items each with weight wi and value vi, for i=1 to N, choose a subset of items so that the total value carried is maximized, and the total weight carried is less than or equal to the backpack capacity, W. In that purpose, write down the last 9 digits of your mobile number, sort it in descending order. Then pick the highest value as W (digitl), consider N=4 items as follows: (Wi, vi) = (3, digit2), (1, digit3), (2, digit4), (4, digit5). Example: if the last 9 digits of your mobile number is: 684049627, then the descending order will be: 98766440. That means, the backpack capacity is W =9, and the 4 items are: (4, 8), (1, 7), (3, 6), (2,6).

Answers

The subset of items that should be carried is (2, 4) and (4, 2).

The last 9 digits of my mobile number are 904202527.

So, when I sort them in descending order, I get 975422000.

Therefore, W (backpack capacity) = 9. N = 4 items as follows: (Wi, vi) = (3, 7), (1, 5), (2, 4), (4, 2).

To find the subset of items that LM30 should choose so that the total value carried is maximized, and the total weight carried is less than or equal to the backpack capacity, we can use the 0/1 Knapsack algorithm.

Here are the steps:

Step 1: Create a table with (N+1) rows and (W+1) columns.

Step 2: Initialize the first row and first column with 0.

Step 3: For each item (i), fill the values in the table as follows:- If the weight of the item (wi) is greater than the current backpack capacity (j), copy the value from the cell above (same column).- If the weight of the item (wi) is less than or equal to the current backpack capacity (j), find the maximum value between:- The value in the cell above (same column)- The value in the cell (i-1, j-wi) + vi

Step 4: The maximum value that can be carried in the backpack is the value in the last cell (N, W).

Step 5: To find the subset of items that should be carried, start from the last cell (N, W) and trace back through the table by checking which cells contributed to this value.

For our case, the table would look like this:

Table 1The last cell (N, W) is 11, so the maximum value that can be carried in the backpack is 11.

To find the subset of items that should be carried, we can start from the last cell (N, W) and trace back through the table by checking which cells contributed to this value.

We can see that the cells (2, 6) and (4, 2) contributed to this value.

Therefore, the subset of items that should be carried is: (2, 4) and (4, 2).

Thus, LM30 should choose the items with weight 2 and 4, and values 4 and 2, respectively, to carry in his backpack so that the total value carried is maximized, and the total weight carried is less than or equal to the backpack capacity of 9.

To learn more about subset

https://brainly.com/question/28705656

#SPJ11

Can someone please help me with this??

Answers

Her rate of speed is 12.075 miles an hour

The diameter of a circle is 19 meters. Complete the description for how you would find the circumference.

Answers

Answer:

The circumference of a circle is 2*pi*r or pi*diameter. The circumference is 19pi

Solve the given initial-value problem for yo > 0. dy = Vy, y(x) = Yo dx y(x) = (1 xo 2. х 2 + Yo ) Find the largest interval I on which the solution is defined.

Answers

The given differential equation is given by `dy/dx = V*y` and the initial condition is `y(x) = Yo`.

The solution of the differential equation is given by `y(x) = Yo*e^(V*x)`.

Using this formula and the initial condition `y(x) = Yo`,

we get `Yo = Yo*e^(V*x)`.

This implies that `e^(V*x) = 1` or `V*x = 0`.

Thus `x = 0` is the only value of x on which `y(x) = Yo` for any value of `V`.

Now, we are given `y(x) = (1 + x^2)/(x^2 + Yo)` which is valid only if `Yo > 0` (as given). We need to find the largest interval on which the solution is defined. This means that we need to find the largest interval of x-values for which the given expression for `y(x)` makes sense. Since the denominator of the expression `y(x) = (1 + x^2)/(x^2 + Yo)` is `x^2 + Yo`, the expression is defined only if `x^2 + Yo > 0`. As `Yo > 0`, this inequality holds for all values of `x`. Thus, the solution is defined for all `x` in the real line. Therefore, the largest interval on which the solution is defined is `(-∞, ∞)`.

To know more about formula refer to:

https://brainly.com/question/30098467

#SPJ11

A heptagon has angles x, 105 degrees, 105 degrees, 160 degrees, 124 degrees, 97 degrees, 137 degrees. Find the missing angle measure in the heptagon. The sum of the interior angles of a heptagon is °. The measure of the missing angle is °.

Answers

Heptagon has all angle 900
So
X+105+105+160+124+97+137=900
X=900-728=172

Answer:

900 and 172 for edg 2020-2021

Step-by-step explanation:

do this and thanks for help

Answers

24 x 10= 240

Cubed root 240 = 6.2
So 6.2*3

Maybe

Solve the following system of equations 7x - 3y = 11

Answers

Answer:

x= 11/7 + 3y/7

Step-by-step explanation:

Answer:

y=11 -7/3x

Step-by-step explanation:

subtract the 7

bring the seven to the other side

then divide by 3

HELP!!!!!! will give brainlist

Answers

Answer:

1. 112 cm

2 135 ft

3 53.67

Step-by-step explanation:

Answer:i

Step-by-step explanation:

Other Questions
PLEASE HELP! I'LL GIVE YOU BRAINLIEST!Felix examined several photos of stars. To compare their temperatures, he looked at the colors of the stars. He organized the photos in order from coolest to hottest. Which of these answers shows the correct order? Question 4 options: Red, yellow, white, blue Yellow, white, blue, red White, blue, yellow, red Blue, yellow, white, red how does the stimulus check impact society please help me please i really need help please Your friend is good at English, history and geography. However, her parents feel she should continue to pursue science and become a doctor, even though she is not very good at science. Discuss with your partner what your friend can do to convince her parents and what career options she can pursue in the form of dialogue writing. How did the development of the factory system encourage urbanization? Monir and Jackie, both in their 40s, own a new 2-story housein Pointe Saint-Charles. Jackie is expecting their first child inSeptember.Monir is the co-owner of a real estate company and receivesi in regression analysis, which of the following assumptions is not true about the error term e How to write a good essay as university student? Describe the process an officer takes during a traffic stop and explain why the steps are necessary? What is the factored form of x2 - 6x - 16?O(x 4)(x - 2)O (x + 4)(x - 2)O(x - 2)(x + 8)(x-8)(x + 2) xam 5 Chapters 14, 18 and 200 34 O Southland Company is preparing a cash budget for August. The company has $17.900 cash at the beginning of August and anticipates $122.000 in cash receipts and $136.3 Which one of the following is not a common financial modeling error new intra/entrepreneurs make?Group of answer choices1. Omitting an allowance for bad debt2. Making assumptions that are not data-driven3. Forgetting to list assumptions4. Creating annual projections that go out to only 3 to 5 years in the future Please Help ASAP!! Will Mark Brainliest!!! Supose you decide to use limit orders instead of market orders. On August 19, you put in a limit order to buy 900 shares of BRAN at $15.01 per share. On t 20, you put in a limit order to sell 900 shares of BRAN at $15.03 per share. Both orders were executed on their respective days. Assuming no brokerage issions, how much of a gain or loss did you make? (Round to two decimal places.) Someone help what is the answer 4h + 14 > 38 = 19 points The project network and associated costs (T in days, C in $1,000s) are shown below. D End Start B Activity Normal T Ca Ce 4 210 280 9 400 640 6 500 600 9 540 600 4 500 1100 200 5 150 4 240 90 3 150 3 150 7 600 6 750 150 a. Verify that the normal duration is 22 days and that the direct cost is $3,050. b. What is the least costly way to reduce the project duration to 21 days? If the shaded strip diagram represents 100% then which strip diagram represents 150% You are given two flasks of equal volume. One contains H2 at 0C and 1 atm while the other contains CO2 at and 2 atm. Which of the following quantities will be the same for both flasks?a. average molecular speedb. densityc. average molecular kinetic energyd. number of molecules present !! IMAGE ATTACHED !!Angle RST is a right angle. What is the measure of angle UST? A. 27 B. 36 C. 63 D. 81 can anyone help with this pls how do dominant autosomal genes affect a punnett square and the probability?