Finite Mathematics and Calculus with Applications
1st Edition
ISBN: 9781323188361
Author: Margaret Lial
Publisher: Pearson Education
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Chapter 7.3, Problem 41E
To determine
To decide: Whether the given probability is an example of empirical probability.
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Can you answer this question and give step by step and why and how to get it. Can you write it (numerical method)
Can you answer this question and give step by step and why and how to get it. Can you write it (numerical method)
There are three options for investing $1150. The first earns 10% compounded annually, the second earns 10% compounded quarterly, and the third earns 10% compounded continuously. Find equations that model each investment growth and
use a graphing utility to graph each model in the same viewing window over a 20-year period. Use the graph to determine which investment yields the highest return after 20 years. What are the differences in earnings among the three
investment?
STEP 1: The formula for compound interest is
A =
nt
= P(1 + − − ) n²,
where n is the number of compoundings per year, t is the number of years, r is the interest rate, P is the principal, and A is the amount (balance) after t years. For continuous compounding, the formula reduces to
A = Pert
Find r and n for each model, and use these values to write A in terms of t for each case.
Annual Model
r=0.10
A = Y(t) = 1150 (1.10)*
n = 1
Quarterly Model
r = 0.10
n = 4
A = Q(t) = 1150(1.025) 4t
Continuous Model
r=0.10
A = C(t) =…
Chapter 7 Solutions
Finite Mathematics and Calculus with Applications
Ch. 7.1 - Prob. 1YTCh. 7.1 - Prob. 2YTCh. 7.1 - Find the number of subsets for the set {x|x is a...Ch. 7.1 - Prob. 4YTCh. 7.1 - Prob. 5YTCh. 7.1 - Prob. 1ECh. 7.1 - Prob. 2ECh. 7.1 - Prob. 3ECh. 7.1 - Prob. 4ECh. 7.1 - Prob. 5E
Ch. 7.1 - Prob. 6ECh. 7.1 - Prob. 7ECh. 7.1 - Prob. 8ECh. 7.1 - In Exercises 110, write true or false for each...Ch. 7.1 - Prob. 10ECh. 7.1 - Prob. 11ECh. 7.1 - Prob. 12ECh. 7.1 - Prob. 13ECh. 7.1 - Prob. 14ECh. 7.1 - Prob. 15ECh. 7.1 - Prob. 16ECh. 7.1 - Prob. 17ECh. 7.1 - Prob. 18ECh. 7.1 - Prob. 19ECh. 7.1 - Prob. 20ECh. 7.1 - Prob. 21ECh. 7.1 - Prob. 22ECh. 7.1 - Prob. 23ECh. 7.1 - Prob. 24ECh. 7.1 - Prob. 25ECh. 7.1 - Prob. 26ECh. 7.1 - Prob. 27ECh. 7.1 - Prob. 28ECh. 7.1 - Prob. 29ECh. 7.1 - Insert or to make each statement true. 30. {3,...Ch. 7.1 - Insert or to make each statement true. 31. {1,...Ch. 7.1 - Insert or to make each statement true. 32. {0,...Ch. 7.1 - Prob. 33ECh. 7.1 - Prob. 34ECh. 7.1 - Prob. 35ECh. 7.1 - Prob. 36ECh. 7.1 - Prob. 37ECh. 7.1 - Prob. 38ECh. 7.1 - Prob. 39ECh. 7.1 - Prob. 40ECh. 7.1 - Prob. 41ECh. 7.1 - Prob. 42ECh. 7.1 - Prob. 43ECh. 7.1 - Prob. 44ECh. 7.1 - Prob. 45ECh. 7.1 - Prob. 46ECh. 7.1 - Prob. 47ECh. 7.1 - Prob. 48ECh. 7.1 - Prob. 49ECh. 7.1 - Prob. 50ECh. 7.1 - Prob. 51ECh. 7.1 - Prob. 52ECh. 7.1 - Prob. 53ECh. 7.1 - Prob. 54ECh. 7.1 - Prob. 55ECh. 7.1 - Prob. 56ECh. 7.1 - Prob. 57ECh. 7.1 - Prob. 58ECh. 7.1 - Prob. 59ECh. 7.1 - Prob. 60ECh. 7.1 - Prob. 61ECh. 7.1 - Prob. 62ECh. 7.1 - Prob. 63ECh. 7.1 - Prob. 64ECh. 7.1 - Prob. 65ECh. 7.1 - Prob. 66ECh. 7.1 - Prob. 67ECh. 7.1 - Prob. 68ECh. 7.1 - Prob. 69ECh. 7.1 - General Interest 70. Musicians A concert featured...Ch. 7.1 - Prob. 71ECh. 7.1 - Prob. 72ECh. 7.1 - Prob. 73ECh. 7.1 - Prob. 74ECh. 7.1 - Prob. 75ECh. 7.1 - Prob. 76ECh. 7.1 - Prob. 77ECh. 7.1 - Prob. 78ECh. 7.1 - Prob. 79ECh. 7.2 - Prob. 1YTCh. 7.2 - Prob. 2YTCh. 7.2 - One hundred students were asked which fast food...Ch. 7.2 - A group of students are sitting in the lounge. All...Ch. 7.2 - Prob. 1WECh. 7.2 - Prob. 2WECh. 7.2 - Prob. 1ECh. 7.2 - Prob. 2ECh. 7.2 - Prob. 3ECh. 7.2 - Prob. 4ECh. 7.2 - Prob. 5ECh. 7.2 - Prob. 6ECh. 7.2 - Prob. 7ECh. 7.2 - Prob. 8ECh. 7.2 - Prob. 9ECh. 7.2 - Prob. 10ECh. 7.2 - Prob. 11ECh. 7.2 - Prob. 12ECh. 7.2 - Prob. 13ECh. 7.2 - Prob. 14ECh. 7.2 - Prob. 15ECh. 7.2 - Prob. 16ECh. 7.2 - Prob. 17ECh. 7.2 - Prob. 18ECh. 7.2 - Prob. 19ECh. 7.2 - Prob. 20ECh. 7.2 - Prob. 21ECh. 7.2 - Prob. 22ECh. 7.2 - Prob. 23ECh. 7.2 - Prob. 24ECh. 7.2 - Draw a Venn diagram and use the given information...Ch. 7.2 - Prob. 26ECh. 7.2 - Prob. 27ECh. 7.2 - Prob. 28ECh. 7.2 - Prob. 29ECh. 7.2 - Prob. 30ECh. 7.2 - Prob. 31ECh. 7.2 - Prob. 32ECh. 7.2 - Prob. 33ECh. 7.2 - Prob. 34ECh. 7.2 - Prob. 35ECh. 7.2 - Prob. 36ECh. 7.2 - Prob. 37ECh. 7.2 - Business and Economics Use Venn diagrams to answer...Ch. 7.2 - Harvesting Fruit Toward the middle of the...Ch. 7.2 - Prob. 42ECh. 7.2 - Prob. 43ECh. 7.2 - Investment Survey Most mathematics professors love...Ch. 7.2 - Prob. 45ECh. 7.2 - Prob. 46ECh. 7.2 - Prob. 47ECh. 7.2 - Prob. 48ECh. 7.2 - Prob. 49ECh. 7.2 - Lyme Disease Scientists have found a way to...Ch. 7.2 - Social Sciences 51. Military The number of female...Ch. 7.2 - Prob. 52ECh. 7.2 - Prob. 53ECh. 7.2 - Prob. 54ECh. 7.2 - Prob. 55ECh. 7.2 - Prob. 56ECh. 7.2 - Prob. 57ECh. 7.2 - Prob. 58ECh. 7.2 - Prob. 59ECh. 7.2 - Prob. 60ECh. 7.2 - Prob. 61ECh. 7.2 - Prob. 62ECh. 7.2 - Poultry Analysis A chicken farmer surveyed his...Ch. 7.3 - Prob. 1YTCh. 7.3 - Prob. 2YTCh. 7.3 - Prob. 3YTCh. 7.3 - Prob. 4YTCh. 7.3 - Prob. 5YTCh. 7.3 - Prob. 1ECh. 7.3 - Prob. 2ECh. 7.3 - Prob. 3ECh. 7.3 - Write sample spaces for the experiments in...Ch. 7.3 - Prob. 5ECh. 7.3 - Prob. 6ECh. 7.3 - Prob. 7ECh. 7.3 - Prob. 8ECh. 7.3 - Prob. 9ECh. 7.3 - Prob. 10ECh. 7.3 - Define an event.Ch. 7.3 - Prob. 12ECh. 7.3 - Prob. 13ECh. 7.3 - For the experiments in Exercises 1318, write out...Ch. 7.3 - For the experiments in Exercises 1318, write out...Ch. 7.3 - For the experiments in Exercises 1318, write out...Ch. 7.3 - For the experiments in Exercises 1318, write out...Ch. 7.3 - Prob. 18ECh. 7.3 - Prob. 19ECh. 7.3 - Prob. 20ECh. 7.3 - Prob. 21ECh. 7.3 - Prob. 22ECh. 7.3 - Prob. 23ECh. 7.3 - Prob. 24ECh. 7.3 - Prob. 25ECh. 7.3 - Prob. 26ECh. 7.3 - Prob. 27ECh. 7.3 - Prob. 28ECh. 7.3 - Prob. 29ECh. 7.3 - Prob. 30ECh. 7.3 - Prob. 31ECh. 7.3 - Prob. 32ECh. 7.3 - Prob. 33ECh. 7.3 - Prob. 34ECh. 7.3 - Prob. 35ECh. 7.3 - Prob. 36ECh. 7.3 - Prob. 37ECh. 7.3 - Prob. 38ECh. 7.3 - Prob. 39ECh. 7.3 - Prob. 40ECh. 7.3 - Prob. 41ECh. 7.3 - Prob. 42ECh. 7.3 - Prob. 43ECh. 7.3 - Prob. 44ECh. 7.3 - Prob. 45ECh. 7.3 - Prob. 46ECh. 7.3 - Prob. 47ECh. 7.3 - Prob. 48ECh. 7.3 - Prob. 49ECh. 7.3 - Prob. 50ECh. 7.3 - Prob. 51ECh. 7.3 - Prob. 52ECh. 7.3 - Prob. 53ECh. 7.3 - Prob. 54ECh. 7.3 - Prob. 55ECh. 7.3 - Prob. 56ECh. 7.3 - Prob. 57ECh. 7.3 - Prob. 58ECh. 7.3 - Prob. 59ECh. 7.3 - Prob. 60ECh. 7.3 - Civil War Estimates of the Confederate Armys...Ch. 7.3 - Prob. 62ECh. 7.3 - Prob. 63ECh. 7.4 - In Example 1, find the probability of an ace or a...Ch. 7.4 - Prob. 2YTCh. 7.4 - Prob. 3YTCh. 7.4 - If the probability of snow tomorrow is 3/10, find...Ch. 7.4 - Prob. 5YTCh. 7.4 - If the odds against a particular horse winning a...Ch. 7.4 - Prob. 1WECh. 7.4 - Prob. 2WECh. 7.4 - Prob. 1ECh. 7.4 - Prob. 2ECh. 7.4 - Prob. 3ECh. 7.4 - Prob. 4ECh. 7.4 - Prob. 5ECh. 7.4 - Decide whether the events in Exercises 38 are...Ch. 7.4 - Prob. 7ECh. 7.4 - Prob. 8ECh. 7.4 - Prob. 9ECh. 7.4 - Prob. 10ECh. 7.4 - Prob. 11ECh. 7.4 - Prob. 12ECh. 7.4 - Two dice are rolled. Find the probabilities of the...Ch. 7.4 - Prob. 14ECh. 7.4 - Prob. 15ECh. 7.4 - Prob. 16ECh. 7.4 - Prob. 17ECh. 7.4 - Kristina Karganova invites 13 relatives to a...Ch. 7.4 - Prob. 19ECh. 7.4 - The numbers 1, 2, 3, 4, and 5 are written on slips...Ch. 7.4 - Prob. 21ECh. 7.4 - Prob. 22ECh. 7.4 - Prob. 23ECh. 7.4 - Prob. 24ECh. 7.4 - Prob. 25ECh. 7.4 - Prob. 27ECh. 7.4 - Prob. 28ECh. 7.4 - Prob. 29ECh. 7.4 - Prob. 30ECh. 7.4 - Prob. 31ECh. 7.4 - Prob. 32ECh. 7.4 - What is a probability distribution?Ch. 7.4 - What conditions must hold for a probability...Ch. 7.4 - An experiment is conducted for which the sample...Ch. 7.4 - An experiment is conducted for which the sample...Ch. 7.4 - An experiment is conducted for which the sample...Ch. 7.4 - Prob. 38ECh. 7.4 - An experiment is conducted for which the sample...Ch. 7.4 - An experiment is conducted for which the sample...Ch. 7.4 - Prob. 46ECh. 7.4 - Prob. 47ECh. 7.4 - Prob. 48ECh. 7.4 - Prob. 49ECh. 7.4 - Prob. 50ECh. 7.4 - Prob. 51ECh. 7.4 - Prob. 52ECh. 7.4 - Prob. 53ECh. 7.4 - Prob. 54ECh. 7.4 - Prob. 55ECh. 7.4 - Prob. 56ECh. 7.4 - Doctor Visit The probability that a visit to a...Ch. 7.4 - Prob. 58ECh. 7.4 - Prob. 59ECh. 7.4 - Prob. 60ECh. 7.4 - Prob. 61ECh. 7.4 - Prob. 62ECh. 7.4 - Prob. 63ECh. 7.4 - Prob. 64ECh. 7.4 - Prob. 65ECh. 7.4 - Prob. 66ECh. 7.4 - Prob. 67ECh. 7.4 - Prob. 68ECh. 7.4 - Prob. 69ECh. 7.4 - Prob. 70ECh. 7.4 - Prob. 71ECh. 7.5 - In Example 1, find P(A|B). EXAMPLE 1 Stocks Use...Ch. 7.5 - Prob. 2YTCh. 7.5 - Prob. 3YTCh. 7.5 - At a local college, 4/5 of the students live on...Ch. 7.5 - Prob. 5YTCh. 7.5 - Prob. 6YTCh. 7.5 - Prob. 7YTCh. 7.5 - Prob. 8YTCh. 7.5 - Prob. 1WECh. 7.5 - Prob. 2WECh. 7.5 - Prob. 1ECh. 7.5 - Prob. 2ECh. 7.5 - Prob. 3ECh. 7.5 - Prob. 4ECh. 7.5 - Prob. 5ECh. 7.5 - Prob. 6ECh. 7.5 - Prob. 7ECh. 7.5 - Prob. 8ECh. 7.5 - Prob. 9ECh. 7.5 - Prob. 10ECh. 7.5 - Prob. 11ECh. 7.5 - Prob. 12ECh. 7.5 - Prob. 13ECh. 7.5 - Prob. 14ECh. 7.5 - Prob. 15ECh. 7.5 - Prob. 16ECh. 7.5 - Prob. 17ECh. 7.5 - Prob. 18ECh. 7.5 - Decide whether the following pairs of events are...Ch. 7.5 - Prob. 20ECh. 7.5 - Prob. 21ECh. 7.5 - Decide whether the following pairs of events are...Ch. 7.5 - In the previous section, we described an...Ch. 7.5 - In the previous section, we described an...Ch. 7.5 - Prob. 25ECh. 7.5 - Prob. 26ECh. 7.5 - Another friend asks you to explain how to tell...Ch. 7.5 - Prob. 28ECh. 7.5 - Let A and B be independent events with P(A)=14 and...Ch. 7.5 - Prob. 30ECh. 7.5 - Prob. 32ECh. 7.5 - Prob. 33ECh. 7.5 - Prob. 34ECh. 7.5 - Prob. 35ECh. 7.5 - Prob. 36ECh. 7.5 - Prob. 37ECh. 7.5 - Prob. 38ECh. 7.5 - Prob. 39ECh. 7.5 - Prob. 40ECh. 7.5 - Prob. 41ECh. 7.5 - Backup Computers Corporations where a computer is...Ch. 7.5 - Prob. 43ECh. 7.5 - Prob. 44ECh. 7.5 - Prob. 45ECh. 7.5 - Prob. 46ECh. 7.5 - Prob. 47ECh. 7.5 - Prob. 48ECh. 7.5 - Genetics Assuming that boy and girl babies are...Ch. 7.5 - Prob. 50ECh. 7.5 - Genetics Assuming that boy and girl babies are...Ch. 7.5 - Prob. 52ECh. 7.5 - Prob. 53ECh. 7.5 - Prob. 54ECh. 7.5 - Prob. 55ECh. 7.5 - Prob. 56ECh. 7.5 - Prob. 57ECh. 7.5 - Prob. 58ECh. 7.5 - Prob. 59ECh. 7.5 - Prob. 60ECh. 7.5 - Prob. 61ECh. 7.5 - Prob. 62ECh. 7.5 - Prob. 63ECh. 7.5 - Prob. 64ECh. 7.5 - Prob. 65ECh. 7.5 - Prob. 66ECh. 7.5 - Prob. 67ECh. 7.5 - Prob. 68ECh. 7.5 - Prob. 69ECh. 7.5 - Prob. 70ECh. 7.5 - Prob. 71ECh. 7.5 - Prob. 72ECh. 7.5 - Prob. 73ECh. 7.5 - Prob. 74ECh. 7.5 - Prob. 75ECh. 7.5 - Prob. 76ECh. 7.5 - Prob. 77ECh. 7.5 - Prob. 78ECh. 7.5 - Prob. 79ECh. 7.5 - Prob. 80ECh. 7.5 - Prob. 81ECh. 7.5 - Prob. 82ECh. 7.5 - Prob. 83ECh. 7.5 - Prob. 84ECh. 7.5 - Prob. 85ECh. 7.5 - Prob. 86ECh. 7.5 - Basketball A basketball player is fouled and now...Ch. 7.5 - Basketball The same player from Exercise 87 is now...Ch. 7.5 - Prob. 89ECh. 7.5 - Prob. 90ECh. 7.6 - The probability that a student will pass a math...Ch. 7.6 - Prob. 2YTCh. 7.6 - Prob. 1WECh. 7.6 - Prob. 2WECh. 7.6 - Prob. 1ECh. 7.6 - Prob. 2ECh. 7.6 - Prob. 3ECh. 7.6 - Prob. 4ECh. 7.6 - Prob. 5ECh. 7.6 - Prob. 6ECh. 7.6 - Prob. 7ECh. 7.6 - Suppose you have three jars with the following...Ch. 7.6 - Prob. 9ECh. 7.6 - Prob. 10ECh. 7.6 - Prob. 11ECh. 7.6 - Job Qualifications Of all the people applying for...Ch. 7.6 - Prob. 13ECh. 7.6 - Prob. 14ECh. 7.6 - Prob. 15ECh. 7.6 - Prob. 16ECh. 7.6 - Prob. 17ECh. 7.6 - Prob. 18ECh. 7.6 - Prob. 19ECh. 7.6 - Prob. 20ECh. 7.6 - Prob. 21ECh. 7.6 - Prob. 22ECh. 7.6 - Colorectal Cancer Researchers found that only one...Ch. 7.6 - Hepatitis Blood Test The probability that a person...Ch. 7.6 - Sensitivity and Specificity The sensitivity of a...Ch. 7.6 - Prob. 26ECh. 7.6 - Smokers A health study tracked a group of persons...Ch. 7.6 - Prob. 28ECh. 7.6 - Prob. 29ECh. 7.6 - Prob. 30ECh. 7.6 - Prob. 31ECh. 7.6 - Murder During the murder trial of O. J. Simpson,...Ch. 7.6 - Prob. 33ECh. 7.6 - Prob. 34ECh. 7.6 - Prob. 35ECh. 7.6 - Prob. 36ECh. 7.6 - Prob. 37ECh. 7.6 - Prob. 38ECh. 7.6 - Prob. 39ECh. 7.6 - Three Prisoners The famous problem of three...Ch. 7 - Prob. 1RECh. 7 - Prob. 2RECh. 7 - Prob. 3RECh. 7 - Prob. 4RECh. 7 - Prob. 5RECh. 7 - Prob. 6RECh. 7 - Prob. 7RECh. 7 - Prob. 8RECh. 7 - Prob. 9RECh. 7 - Prob. 10RECh. 7 - Prob. 11RECh. 7 - Prob. 12RECh. 7 - Prob. 13RECh. 7 - Prob. 14RECh. 7 - Write true or false for each statement. 15. 2 {0,...Ch. 7 - Prob. 16RECh. 7 - Prob. 17RECh. 7 - Prob. 18RECh. 7 - Prob. 19RECh. 7 - Prob. 20RECh. 7 - Prob. 21RECh. 7 - Prob. 22RECh. 7 - Prob. 23RECh. 7 - Prob. 24RECh. 7 - Prob. 25RECh. 7 - Prob. 26RECh. 7 - Prob. 27RECh. 7 - Prob. 28RECh. 7 - Prob. 29RECh. 7 - Prob. 30RECh. 7 - Prob. 31RECh. 7 - Prob. 32RECh. 7 - Prob. 33RECh. 7 - In Exercises 3338, let U = {all employees of the...Ch. 7 - Prob. 35RECh. 7 - Prob. 36RECh. 7 - Prob. 37RECh. 7 - Prob. 38RECh. 7 - Prob. 39RECh. 7 - Prob. 40RECh. 7 - Prob. 41RECh. 7 - Prob. 42RECh. 7 - Prob. 43RECh. 7 - Prob. 44RECh. 7 - Prob. 45RECh. 7 - Prob. 46RECh. 7 - Prob. 47RECh. 7 - Prob. 48RECh. 7 - Prob. 49RECh. 7 - Prob. 50RECh. 7 - Prob. 51RECh. 7 - Prob. 52RECh. 7 - Prob. 53RECh. 7 - Prob. 54RECh. 7 - Prob. 55RECh. 7 - Prob. 56RECh. 7 - Prob. 57RECh. 7 - Prob. 58RECh. 7 - Prob. 59RECh. 7 - Prob. 60RECh. 7 - Prob. 61RECh. 7 - Prob. 62RECh. 7 - Prob. 63RECh. 7 - Prob. 64RECh. 7 - Prob. 65RECh. 7 - Find the odds in favor of a card drawn from an...Ch. 7 - Prob. 67RECh. 7 - Prob. 68RECh. 7 - Prob. 69RECh. 7 - Prob. 70RECh. 7 - Prob. 71RECh. 7 - Prob. 72RECh. 7 - Prob. 73RECh. 7 - Prob. 74RECh. 7 - Prob. 75RECh. 7 - Prob. 76RECh. 7 - Prob. 77RECh. 7 - An urn contains 10 balls: 4 red and 6 blue. A...Ch. 7 - Prob. 79RECh. 7 - Prob. 80RECh. 7 - Prob. 81RECh. 7 - Prob. 82RECh. 7 - Prob. 83RECh. 7 - Prob. 84RECh. 7 - Prob. 85RECh. 7 - Prob. 86RECh. 7 - Prob. 87RECh. 7 - Prob. 88RECh. 7 - Prob. 89RECh. 7 - Prob. 90RECh. 7 - Prob. 91RECh. 7 - Prob. 92RECh. 7 - Prob. 93RECh. 7 - Prob. 94RECh. 7 - Prob. 95RECh. 7 - Prob. 96RECh. 7 - Prob. 97RECh. 7 - Prob. 98RECh. 7 - Prob. 99RECh. 7 - Prob. 100RECh. 7 - Prob. 101RECh. 7 - Prob. 102RECh. 7 - Prob. 103RECh. 7 - Prob. 104RECh. 7 - Defective Items A manufacturer buys items from...Ch. 7 - Prob. 106RECh. 7 - Prob. 107RECh. 7 - Auto Insurance An auto insurance company has...Ch. 7 - Prob. 109RECh. 7 - Insurance An insurance company estimates that 40%...Ch. 7 - Prob. 111RECh. 7 - Prob. 112RECh. 7 - Prob. 113RECh. 7 - Elections In the 2012 presidential election, over...Ch. 7 - Prob. 115RECh. 7 - Prob. 116RECh. 7 - Prob. 117RECh. 7 - Prob. 118RECh. 7 - Earthquake It has been reported that government...Ch. 7 - Prob. 120RECh. 7 - Prob. 121RECh. 7 - Prob. 122RECh. 7 - Prob. 123RECh. 7 - Prob. 124RECh. 7 - Prob. 125RE
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