In 6 years, Jim wants to have $47,230 to buy a new car. (a) How much must Jim save each month if the interest rate is 6% compounded monthly? $ ______ (b) How much of the $47,230 does Jim actually deposit and how much of it is interest? $______(deposit) $______(interest)
Probability and Statistics
Sixty percent of a particular model of car are silver. What is the probability that in the next 10 observations of this model you observe 5 silver cars?
An urn has fifteen red balls and nineteen white balls. Three balls are selected at random and the number of red balls are observed. Find the probability distribution for Number of Red Balls: 0 = 1 = 2 = 3 =