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,”
Compare the interest earned from #1 (where simple interest was used) to #5 (where compound interest was used). The principal, annual interest rate, and time were all the same; the only difference was that for #5, interest was compounded quarterly. Does the difference in interest earned make sense? Select one of the following statements. a. No, because more money should have been earned through simple interest than compound interest. b. Yes, because more money was earned through simple interest. For simple interest you earn interest on interest, not just on the amount of principal. c. No, because more money was earned through simple interest. For simple interest you earn interest on interest, not just on the amount of principal. d. Yes, because more money was earned when compounded quarterly. For compound interest you earn interest on interest, not just on the amount of principal.
Compare and contrast the simple and compound interest formulas. Which one of the following statements is correct? a. Simple interest and compound interest formulas both yield principal plus interest, so you must subtract the principal to get the amount of interest. b. Simple interest formula yields principal plus interest, so you must subtract the principal to get the amount of interest; Compound interest formula yields only interest, which you must add to the principal to get the final amount. c. Simple interest formula yields only interest, which you must add to the principal to get the final amount; Compound interest formula yields principal plus interest, so you must subtract the principal to get the amount of interest. d. Simple interest and compound interest formulas both yield only interest, which you must add to the principal to get the final amount.
Sara would like to go on a vacation in 5 years and she expects her total costs to be $3000. If she invests $2500 into a savings account for those 5 years at 8% interest, compounding semi-annually, how much money will she have? Round your answer to the nearest cent. Show you work. Will she be able to go on vacation? Why or why not?
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, algebra and related others by exploring similar questions and additional content below.