Length of Marriage. John Tierney and Garth Sundem have developed an equation that can be used to estimate the probability that a celebrity marriage will last. The probability P that a couple will still be married in T years is given by P = 50 NYT ( Ah+Aw ) ENQ ( Sc+5 ) ⋅ Md ⋅ [ Md ( Md+2 ) ] T 2 15 where NYT = the number of times since 1990 that the wife’s name appeared in the New York Times, ENQ = the number of times since 1990 that the wife’s name appeared in the National Enquirer, Ah = the husband's age, in years, Aw = the wife's age, in years, Md = the number of months that the couple dated before marriage, and Sc = the number of the top five photos returned by a Google images search for the wife's name in which she was “scantily clad.” Kate Middleton and Prince William were both 29 when they were married and had dated for 120 months. Kate appeared 258 times in the New York Times and 44 times in the National Enquirer , and her Sc value was 0. What is the probability that the marriage will last 5 years? Data: “Refining the Formula That Predicts Celebrity Marriages' Doom,” www.nytimes.com, March 12, 2012
Length of Marriage. John Tierney and Garth Sundem have developed an equation that can be used to estimate the probability that a celebrity marriage will last. The probability P that a couple will still be married in T years is given by P = 50 NYT ( Ah+Aw ) ENQ ( Sc+5 ) ⋅ Md ⋅ [ Md ( Md+2 ) ] T 2 15 where NYT = the number of times since 1990 that the wife’s name appeared in the New York Times, ENQ = the number of times since 1990 that the wife’s name appeared in the National Enquirer, Ah = the husband's age, in years, Aw = the wife's age, in years, Md = the number of months that the couple dated before marriage, and Sc = the number of the top five photos returned by a Google images search for the wife's name in which she was “scantily clad.” Kate Middleton and Prince William were both 29 when they were married and had dated for 120 months. Kate appeared 258 times in the New York Times and 44 times in the National Enquirer , and her Sc value was 0. What is the probability that the marriage will last 5 years? Data: “Refining the Formula That Predicts Celebrity Marriages' Doom,” www.nytimes.com, March 12, 2012
Solution Summary: The author calculates the probability that the marriage of Kate Middleton and Prince William will last 5 years.
Length of Marriage. John Tierney and Garth Sundem have developed an equation that can be used to estimate the probability that a celebrity marriage will last. The probability P that a couple will still be married in T years is given by
P
=
50
NYT
(
Ah+Aw
)
ENQ
(
Sc+5
)
⋅
Md
⋅
[
Md
(
Md+2
)
]
T
2
15
where
NYT
=
the number of times since 1990 that the wife’s name appeared in the New York Times, ENQ
=
the number of times since 1990 that the wife’s name appeared in the National Enquirer, Ah
=
the husband's age, in years, Aw
=
the wife's age, in years, Md
=
the number of months that the couple dated before marriage, and Sc
=
the number of the top five photos returned by a Google images search for the wife's name in which she was “scantily clad.” Kate Middleton and Prince William were both 29 when they were married and had dated for 120 months. Kate appeared 258 times in the New York Times and 44 times in the National Enquirer, and her Sc value was 0. What is the probability that the marriage will last 5 years?
Data:“Refining the Formula That Predicts Celebrity Marriages' Doom,”
Jamal wants to save $48,000 for a down payment on a home. How much will he need to invest in an
account with 11.8% APR, compounding daily, in order to reach his goal in 10 years? Round to the
nearest dollar.
r
nt
Use the compound interest formula, A (t) = P(1 + 1)".
An account is opened with an intial deposit of $7,500 and earns 3.8% interest compounded semi-
annually. Round all answers to the nearest dollar.
a. What will the account be worth in 10 years? $
b. What if the interest were compounding monthly? $
c. What if the interest were compounded daily (assume 365 days in a year)? $
Kyoko has $10,000 that she wants to invest. Her bank has several accounts to choose from. Her goal is
to have $15,000 by the time she finishes graduate school in 7 years. To the nearest hundredth of a
percent, what should her minimum annual interest rate be in order to reach her goal assuming they
compound daily? (Hint: solve the compound interest formula for the intrerest rate. Also, assume there
are 365 days in a year)
%
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