You are purchasing a new car The dealership has a promotion where you get to choose one of 20 keys. One of the twenty keys opens a box allowing you to save $5000 on your new car. Two others open a box that allows you to save $1000. All remaining keysopen nothing a) What is your expected savings on the car? b) Is it safe to say you will save something with this promotion? Explain.

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A: We have to use simple mathematics calculation for the question

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A: Here, the money is invested in simple interest. So, the formula used is: A=P(1+rt)

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Q: Critical Thinking Suppose you were offered a job in whichyou would work 8 hours per day for 5…

A: Given, a = 0.01; a2 = 0.02; a3 = 0.04 and so on... Thus, r=2;

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A: We have,

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A: Here, from the given data Mandy increases her books by 2 per month, and Bill increases 4 per month.

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A: It is given that after 1 day, you have 2 pennies, after 2 days, you have 4 pennies, etc.

Q: Which do you choose? Lose $900 for sure OR 90% chance to lose $1,000

A:

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A:

Q: The mode can also be thought of as the

A: A mode is defined as the number that occurs most repeatedly in data set

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A:

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A: As an apple costs 1.05 each, 5apples would cost (5×1.05) = $5.25

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Q: $500 hat Molly har. ngpf NEXT GEN PERSONAL FINANCE 2022 Volkswagen Jetta MSRP range: $20,195-$27,795…

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Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.