Your cousin bought a used car. He paid a total of $12,755 for the car. The total cost includes: • The list price of the car, x • A 7% sales tax on the list price . Plus $450 in additional fees.
What is the price of the car your cousin bought?

List price:​

The lower and upper control limits that the manufacturer should use in the resulting control chart are LCL = 0.023,UCL = 0.043

To calculate the lower and upper control limits for the control chart, we need to use the following formula:
Lower control limit (LCL) = average proportion of defects - 3 x square root of [(average proportion of defects x (1 - average proportion of defects)) / sample size]
Upper control limit (UCL) = average proportion of defects + 3 x square root of [(average proportion of defects x (1 - average proportion of defects)) / sample size]
Using the given information, we can plug in the values to get:
LCL = 0.01 - 3 x square root of [(0.01 x 0.99) / 30] = -0.023
UCL = 0.01 + 3 x square root of [(0.01 x 0.99) / 30] = 0.043
However, since control limits cannot be negative, the lower control limit should be set to zero.

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The manufacturer should use control limits of 0 for the lower limit and 0.136 for the upper limit in their control chart for monitoring the proportion of unacceptable phones in their quality assurance program.

Determine the lower and upper control limits for the manufacturer's control chart, we first need to calculate the standard deviation of the proportion of unacceptable phones based on the given information.
To do this, we can use the formula:
[tex]Standard deviation = \sqrt(p\times(1-p)/n)[/tex]
p is the proportion of unacceptable phones (0.01), and n is the sample size (30 phones per day for 7 days = 210 total phones).
Plugging in these values, we get:
[tex]Standard deviation = \sqrt(0.01\times(1-0.01)/210) = 0.042[/tex]
Next, we can use this standard deviation to calculate the control limits. The lower control limit (LCL) is given by:
[tex][tex]LCL = p - 3\times\sqrt(p\times(1-p)/n)[/tex][/tex]
and the upper control limit (UCL) is given by:
[tex]UCL = p + 3\times\sqrt(p\times(1-p)/n)[/tex]
Plugging in our values, we get:
[tex]LCL = 0.01 - 3\times0.042 = -0.075[/tex]
[tex]UCL = 0.01 + 3\times0.042 = 0.095[/tex]
Values don't make sense - the proportion of unacceptable phones cannot be negative, and the UCL is above 1, which is also impossible.
To correct for this, we can use the formula:
[tex]LCL = max(0, p - 3\times\sqrt(p\times(1-p)/n))[/tex]
[tex]UCL = min(1, p + 3\times\sqrt(p\times(1-p)/n))[/tex]
This ensures that the control limits are within the range of possible values for the proportion of unacceptable phones.
Plugging in our values with this formula, we get:
[tex]LCL = max(0, 0.01 - 3\times0.042) = 0[/tex]
[tex]UCL = min(1, 0.01 + 3\times0.042) = 0.136[/tex]

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If a hypothesis test is performed and fails to reject the null hypothesis, it would mean that there is not enough evidence to support the claim that less than 15% of the marketing organization's employees are paid minimum wage.

Therefore, it would not be concluded that the claim is true. The null hypothesis assumes that the claim is false or that the percentage of employees paid minimum wage is not significantly different from 15%.

The failure to reject the null hypothesis means that the evidence does not contradict the null hypothesis, but it does not necessarily prove it to be true.

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a) The percentage of batteries the company expects to replace is:

0.1271 * 100% = 12.71%

b) The company should guarantee the batteries for 34 months (rounded to the nearest month) to ensure that refunds are not made for more than 9% of its batteries under the full-refund guarantee policy.

(a) Let X be the random variable representing the life of a battery. We want to find the probability that a battery fails within 36 months after purchase, which is equivalent to finding P(X ≤ 36).

Using the normal distribution formula with mean μ = 44 months and standard deviation σ = 7 months, we have:

Z = (X - μ) / σ = (36 - 44) / 7 = -1.14

Using a standard normal table or calculator, we find that the probability of a standard normal variable being less than or equal to -1.14 is 0.1271. Therefore, the percentage of batteries the company expects to replace is:

0.1271 * 100% = 12.71% (rounded to two decimal places)

(b) Let Y be the random variable representing the length of the guarantee period in months. We want to find the value of Y such that P(X ≤ Y) = 0.09, where X has the same normal distribution with mean μ = 44 months and standard deviation σ = 7 months.

Using the inverse normal distribution formula with mean μ = 44 months and standard deviation σ = 7 months, we have:

Z = invNorm(0.09) = -1.34

where invNorm is the inverse normal function. Solving for Y, we have:

(Y - μ) / σ = Z

(Y - 44) / 7 = -1.34

Y - 44 = -1.34 * 7

Y ≈ 34.42

Therefore, the company should guarantee the batteries for 34 months (rounded to the nearest month) to ensure that refunds are not made for more than 9% of its batteries under the full-refund guarantee policy.

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The number of possible letter combinations in the words presented is as follows:

CANNON: 2520

BANANA: 120

TOMORROW: 2520

REFERENCE: 20160

It is used to determine how many distinct arrangements can be made from a given set of elements.

1) CANNON: CANNON is made up of seven letters, two of which are identical 'N's. So, the following formula can be used to get the total number of permutations for CANNON:

Total number of permutations = 7! / 2!

= (7 x 6 x 5 x 4 x 3 x 2 x 1) / 2!

= 2520

2) BANANA: BANANA is made up of six letters, three of which are the letter 'A' and are similar. The total amount of BANANA combinations can be calculated using the formula below:

Total number of permutations = 6! / 3!

= (6 x 5 x 4 x 3 x 2 x 1) / 3!

= 120

3) TOMORROW: The word TOMORROW is made up of seven letters, two of which are identical 'O's. Thus, the sum of TOMORROW's permutations can be determined as follows:

Total number of permutations = 7! / 2!

= (7 x 6 x 5 x 4 x 3 x 2 x 1) / 2!

= 2520

4) REFERENCE: Eight letters make up REFERENCE, two of which are identical 'E's. So, the following formula can be used to determine the total number of permutations for REFERENCE:

Total number of permutations = 8! / 2!

= (8 x 7 x 6 x 5 x 4 x 3 x 2 x 1) / 2!

= 20160

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Answer:

yes

Step-by-step explanation:

Therefore , the solution of the given problem of trigonometry comes out to be 2 * sin²(ɵ) * cos²(ɵ)  the claimed identity has been established.

Some contend that the evolution of astrophysics was influenced by the confluence of numerous areas. Numerous metric issues can be resolved mathematically precisely, as can the results of calculations. Trigonometry is the study of the six basic geometric calculations from a scientific perspective. They also go by many other names and acronyms, including sine, variance, advice, and others. (csc).

Here,

The identified person is:

=>  cot²(ɵ) * sin²(ɵ) + tan²(ɵ) * cos²(ɵ)

=>  cot(ɵ) = 1/tan(ɵ)

=> tan(ɵ) = 1/cot(ɵ)

=> (1/tan(ɵ))² * sin²(ɵ) + (1/cot(ɵ))² * cos²(ɵ)

We may square the reciprocals by applying the formula (a/b)² = a²/b²:

=> 1/(tan²(ɵ)) * sin²(ɵ) + 1/(co²(ɵ)) * cos²(ɵ)

=> sin²(ɵ) / tan²(ɵ) + cos²(ɵ) / cot²(ɵ)

=> tan²(ɵ) + 1 = sec²(ɵ)

=> cot²(ɵ) + 1 = csc²(ɵ)

=> sin²(ɵ) / sec²(ɵ) + cos²(ɵ) / csc²(ɵ)

=> 1/cos²(ɵ) = sec²(ɵ)

=> 1/sin^2(ɵ) = csc^2(ɵ)

=> sin²(ɵ) * cos²(ɵ) + cos²(ɵ) * sin²(ɵ)

=> sin²(ɵ) * cos²(ɵ) + sin²(ɵ) * cos²(ɵ)

Step 6 is to group similar terms.

=> 2 * sin²(ɵ) * cos²(ɵ)

And since we've found the original expression, the claimed identity has been established.

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Answer: The dividend yield is the annual dividend payment divided by the stock's current market price, expressed as a percentage.

Dividend yield = (Annual dividend payment / Stock's current market price) x 100%

In this case:

Annual dividend payment = $1.98

Stock's current market price = $41.68

Dividend yield = ($1.98 / $41.68) x 100% = 4.75%

Therefore, the dividend yield for AT&T is 4.75%.

Step-by-step explanation:

Formula:

98% Confidence Interval = (Mean - (2*Standard Deviation/√n), Mean + (2*Standard Deviation/√n))

98% Confidence Interval = ($775 - (2*$110/√45), $775 + (2*$110/√45))

98% Confidence Interval = ($735.56, $814.44)

Answer: w = ±7

Step-by-step explanation:

To get rid of the square on w, we square root both sides of the equation.

The square root of w^2 is w, and the square root of 49 is ±7.

±7 is your answer.

Answer:

26

Step-by-step explanation:

You just divide 133 and 5 and you get 26.6

Answer:

26

Step-by-step explanation:

[tex]\frac{133}{5}[/tex] = 26.6

You cannot buy part of a book, so you can buy 26 books

26 x 5 = 130.  You will have $3.00 left over.

Helping in the name of Jesus.

The probability of heads is 3 times that of tails, so the probability of heads is 0.75 and the probability of tails is 0.25.

Assign a probability of 0.5 to heads

Assign a probability of 0.25 to tails

When a biased coin is tossed the probability of heads is three times as likely to come up as tails.

To find the probability that should be assigned to the outcome of heads and tails the first step is to calculate the probability of heads.

Once this is done,

The probability of heads can be assigned a value of 0.5 and the probability of tails can be assigned a value of 0.25.

After that,

The probability of heads and tails can be calculated accordingly.

The probability of heads and tails when a biased coin is tossed, the first step is to calculate the probability of heads.

Once this is done the probability of heads can be set to 0.5 and the probability of tails can be set to 0.25.

With these probabilities assigned the probability of heads is three times that of tails.

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The esteem of the standard error of the estimate (to two decimal places) is 1.34.

To calculate the standard blunder of the gauge (moreover known as the standard blunder of the relapse or the root cruel square, we ought to utilize the taking after equation:

SE = sqrt [ (Σ(y - yhat)[tex]^{2}[/tex]) / (n - k) ]

yhat = 0.471x + 2.606

We too know that there are 5 perceptions, and there's one free variable (x). Utilizing the information from the Exceed expectations record, ready to calculate the anticipated values of y for each perception by stopping the x values into the relapse condition:

yhat1 = 2.696

yhat2 = 3.638

yhat3 = 4.581

yhat4 = 5.524

yhat5 = 6.466

SE = sqrt [ ( (4.75 - 2.696)[tex]^{2}[/tex] + (5.36 - 3.638)[tex]^{2}[/tex]+ (5.95 - 4.581)[tex]^{2}[/tex] + (6.66 - 5.524)[tex]^{2}[/tex]+ (7.03 - 6.466)[tex]^{2}[/tex]) / (5 - 2) ]

SE = sqrt [ (5.3546) / 3 ]

SE = 1.335

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There have been numerous cases of athletes being accused of using performance-enhancing drugs, and the numbers may vary depending on the sport, country, and time period in question.

Additionally, determining how many athletes were using or not using performance-enhancing drugs would require specific information on individual cases.

Regarding the percentage of athletes falsely accused of using performance-enhancing drugs, it is difficult to determine an accurate figure without examining each case in detail. False accusations may occur due to various reasons, such as flawed testing procedures or contaminated supplements, and the percentage of false accusations may vary depending on the situation.

If you have a specific case or sport in mind, I can try to provide you with more information on that topic.

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Answer: The formula for the surface area of a cylinder is:

SA = 2πr^2 + 2πrh

where SA is the surface area, r is the radius, and h is the height.

In this case, we know that the surface area is 936π square meters and the radius is 13 meters. So we can plug those values into the formula and solve for h:

936π = 2π(13^2) + 2π(13)(h)

Simplifying:

936π = 338π + 26πh

936π - 338π = 26πh

598π = 26πh

h = 598/26 = 23

Therefore, the height of the cylinder is 23 meters.

Step-by-step explanation:

Step-by-step explanation:

you made some mistakes with the formula.

the surface area of a cylinder is

the outside mantle area

+

the 2 circle areas on top and bottom.

the outside mantle area is

2×pi×radius×height

the 2 circle areas are

2 × pi×radius²

in total that is

2×pi×radius×height + 2×pi×radius² =

2×pi×radius×(height + radius) = 936pi

2×pi×13×(height + 13) = 936pi

pi×(height + 13) = 36pi

height + 13 = 36

height = 36 - 13 = 23 m

Answer:

The area of Jack's rhombus is four times the area of Soshi's rhombus.

Step-by-step explanation:

First, calculate the area of Soshi's rhombus. Use the formula for the area of a rhombus:

[tex]A = bh=\\A=(12)(10)=\\A=120[/tex]

Now, we have the Soshi's rhombus is 120 [tex]in^2[/tex].

Jack's rhombus' base and height are double those of Soshi's; multiply each value by two.

[tex]12*2=24\\\\10*2=20[/tex]

Now, substitute the values in the formula for the area of a rhombus:

[tex]A = bh=\\A=(24)(20)=\\A=480[/tex]

Notice that 480 is 4 times 120.

This is because area is a two-dimensional measure (measured in units squared, like [tex]in^2[/tex]) while length is a one-dimensional measure (measured in regular units, like cm and in), The one-dimensional measures of Jack's rhombus are double those of Soshi's, and to translate this to the two-dimensional measure of area, square 2 (2 squared is 2 times 2).

2 squared is 4, so:

the area of Jack's rhombus is four times that of Soshi's.

Answer:

To write the equation of the line that passes through the points (2, -4) and (0, -4), we can use the point-slope form of a linear equation, which is:

y - y1 = m(x - x1)

Where (x1, y1) is one of the points on the line, and m is the slope of the line.

In this case, both points have the same y-coordinate, which means that the line is horizontal and has a slope of 0. We can choose either point to use in the equation, so let's use (2, -4):

y - (-4) = 0(x - 2)

Simplifying this equation, we get:

y + 4 = 0

y = -4

So the equation of the line that passes through the points (2, -4) and (0, -4) is y = -4, which is a horizontal line at y-coordinate -4.

The slope of the line in the reduced form is 4 / 7.

The slope of a line is the change in the dependent variable with respect to the change in the independent variable.

Therefore,

slope = m = change in y / change in x

slope = m = y₂ - y₁ / x₂ - x₁

P = (2, 3)

Q = (9, 7)

x₁ = 2

x₂ = 9

y₁ = 3

y₂ = 7

Therefore,

slope = 7 - 3 / 9 - 2

slope = 4 / 7

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Natalie used for constructing the bar graph is type of writing utensil.

The representation of numerical data using rectangles (or bars) of equal width and varying height is known as a bar graph.

Depending on the distribution and nature of the data, various types of charts or graphs, such as scatter plots, histograms, or box plots, would typically be used to represent the mentioned quantitative variables, such as the price, volume, and weight of each writing utensil.

Natalie probably used the variable "type of writing utensil" for the bar graph based on the information provided. This is due to the fact that a bar graph is a type of chart that uses rectangular bars to represent categorical data. Each bar represents a distinct category or group.

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The question "What are the prices of the computers?" is not a statistical question.

A statistical question is a question that can be answered by collecting and analyzing data. It usually involves some variability or variation in the data, and the answer may vary depending on the sample or population being studied.

In this case, the question is asking for a specific piece of information - the prices of the computers - which can be obtained directly from the store or manufacturer. There is no variability or variation involved, and the answer is not dependent on any data collection or analysis.

Therefore, this question is not a statistical question.

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1745 packages of tennis balls can be made from 5235 balls.

Determine the number of packages of tennis balls that can be made, we need to divide the total number of balls by the number of balls in each package.

5235 tennis balls and each package contain 3 balls.

Therefore, we can use the following formula:
Number of Packages = Total Amount of Balls / Number of Balls in Each Package
Substituting the values given in the problem, we get:
Number of Packages = 5235 / 3
Simplifying this expression, we get:
Number of Packages = 1745
It is important to note that there may be some leftover tennis balls that cannot be evenly divided into packages of 3.

Determine how many leftover balls there are and decide what to do with them.

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The constant of proportionality is $8.40

The constant of proportionality is a value that relates two quantities that are proportional to each other. It is represented by the letter k and is found by dividing the dependent variable by the independent variable. In this case, the constant of proportionality is $8.40 for the given data set.

According to the given information:

To find the constant of proportionality, we can use any two data points from the table and plug them into the equation y = kx.

Let's use the first and second data points: (0.75, $6.30) and (2.5, $21.00).

We can set up the equation as:

$6.30 = k(0.75)

Solving for k, we get:

k = $6.30/0.75 = $8.40

Now, we can check our work by using another data point. Let's use the third data point: (4, $33.60).

Plugging in the values, we get:

$33.60 = k(4)

k = $33.60/4 = $8.40

Since we get the same value for k, we can be confident that our answer is correct.

Therefore, the constant of proportionality is $8.40.

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The length of the side b for the right triangle ABC is equal to 5.276, and the measures of angle A and B are 64 and 26 to the nearest degree using the sine rule.

The sine rule is a relationship between the size of an angle in a triangle and the opposing side.

The side length b is derived using the Pythagoras rule as follows:

b = √(12.2² - 11²)

b = 5.276

Using the sine rule;

12.2/sin90 = 11/sinA

A = sin⁻¹(11 × sin90)/12.2 {cross multiplication}

A = 64.4

12.2/sin90 = 5.3/sinB

B = sin⁻¹(5.276 × sin90)/12.2 {cross multiplication}

B = 25.6

Therefore, the length of the side b for the right triangle ABC is equal to 5.276, and the measures of angle A and B are 64 and 26 to the nearest degree using the sine rule.

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Organizational skills

Organizational skills and the ability to communicate effectively are crucial for a systems analyst who needs to work with individuals at all levels of an organization, manage conflicting user needs, and ensure that information is communicated clearly and efficiently. Interpersonal skills are important to a systems analyst who must work with people at all organizational levels, balance conflicting needs of users, and communicate effectively. The knowledge and skills in leadership and strategic management are essential for the creation and achievement of an organizational vision and strategy. These skills include effective communication, decision-making, and the ability to evaluate and measure success, as well as a deep understanding of the organization and its environment. Leadership and strategic management play a crucial role in the success of any organization. A strong and effective leader with a well-developed understanding of strategic management is essential for the creation and achievement of an organizational vision and strategy.

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Event "X or Y": A, B, C, E, G. Event "X and Y": C. The complement of event X: D, E, F, G.

The sample space for this problem is {A, B, C, D, E, F, G}, since there are seven tiles labeled with the first seven letters of the alphabet.

Event X: The letter selected comes before "D". Outcomes in this event are A, B, and C.

Event Y: The letter selected is found in the word "CAGE". Outcomes in this event are A, C, E, and G.

Event "X or Y": Outcomes in this event are any outcomes from event X along with any outcomes from event Y. So the outcomes in the event "X or Y" are A, B, C, E, and G.

Event "X and Y": The outcomes in the event "X and Y" are the outcomes from event Y that also occur in event X. So the only outcome in the event "X and Y" is C.

The complement of event X: The complement of event X is the event consisting of all possible outcomes not in the event X. So the outcomes in the complement of event X are D, E, F, and G.

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--The given question is incomplete, the complete question is given

" A tile is selected from seven tiles, each labeled with a different letter from the first seven letters of the alphabet. The letter selected will be recorded as the outcome. Consider the following events. Event X: The letter selected comes before "D". Event Y: The letter selected is found in the word "CAGE". Give the outcomes for each of the following events. If there is more than one element in the set, separate them with commas.

(a) Event "X or Y":

(b) Event "X and Y":

(c) The complement of the event X: "--

The position of point S after dilating will be half of the original. The dilated point S' has been shown below.

What is dilation?

Using a modification known as dilation, an object can be resized. Through dilatation, the objects can be resized or enlarged. This transformation results in a shape that is a perfect replica of the original image. The form's dimensions do vary, though. An expansion or contraction of the original form is required for a dilatation. This shift is referred to as a scale factor.

We are given a graph showing position of point S.

Now, on dilating the point by a scale factor of [tex]\frac{1}{2}[/tex], we get that the point will be located at half of the original.

The point has been located and attached in the image below.

Hence, the required solution has been obtained.

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All five rectangles have the same area of 60, and the sum of their dimensions is:

2 + 30 + 4 + 15 + 6 + 10 + 8 + 7.5 + 10

Let the width of rectangle 1 be w1, the width of rectangle 2 be w2, and so on. We know that all five rectangles have the same area, so we can set up an equation:

[tex]w1 * l1 = w2 * l2 = w3 * l3 = w4 * l4 = w5 * l5[/tex]

We can simplify this equation by dividing both sides by w1 * l1, which gives:

[tex]1 = (w2 * l2) / (w1 * l1) = (w3 * l3) / (w1 * l1) = (w4 * l4) / (w1 * l1) = (w5 * l5) / (w1 * l1)[/tex]

Let's define a new variable x = w2 * l2 = w3 * l3 = w4 * l4 = w5 * l5. Then we have:

[tex]w1 * l1 = xw2 * l2 = xw3 * l3 = xw4 * l4 = xw5 * l5 = x[/tex]

Now we need to find the least possible value of w1 + l1 + w2 + l2 + w3 + l3 + w4 + l4 + w5 + l5. Since w1 * l1 = x, we can rewrite this as:

[tex]w1 + l1 + 4 * sqrt(x / w1) + 4 * sqrt(w1 / x)[/tex]

To find the minimum value of this expression, we can take its derivative with respect to w1, set it equal to zero, and solve for w1:

[tex]d/dw1 (w1 + l1 + 4 * sqrt(x / w1) + 4 * sqrt(w1 / x)) = 1 - 2 * sqrt(x) / w1^1.5 + 2 * sqrt(x) / w1^2.5 = 0[/tex]

Solving for w1, we get:

[tex]w1 = 2 * x^(1/4)[/tex]

Substituting this back into our expression for the sum of the rectangle dimensions, we get:

[tex]w1 + l1 + 4 * sqrt(x / w1) + 4 * sqrt(w1 / x) = 2 * x^(1/4) + 2 * x^(3/4) + 8 * (x / 2)^(1/4)[/tex]

To find the minimum value of this expression, we can take its derivative with respect to x, set it equal to zero, and solve for x:

[tex]d/dx (2 * x^(1/4) + 2 * x^(3/4) + 8 * (x / 2)^(1/4)) = 1/2 * x^(-3/4) + 3/2 * x^(1/4) + 2 / (2 * x)^(3/4) = 0[/tex]

Solving for x, we get:

x = 4

Therefore, the least possible value of w1 is:

w1 =[tex]2 * x^(1/4) = 2[/tex]

And the dimensions of the rectangles are:

Rectangle 1: 2 x 30

Rectangle 2: 4 x 15

Rectangle 3: 6 x 10

Rectangle 4: 8 x 7.5

Rectangle 5: 10 x 6

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The probability of reaching into the bucket and randomly drawing three balls numbered 4, 9, and 7 without replacement, in that order, is 1/990, which is a decimal rounded to the nearest millionth is 0.001.

The probability of drawing three balls numbered 4, 9, and 7 without replacement, in that order, can be found by multiplying the probabilities of drawing each ball in the correct order.

The probability of drawing the first ball, numbered 4, is 1/11, since there is only one ball numbered 4 out of 11 balls in the bucket.

After the first ball is drawn, there are 10 balls remaining in the bucket, and the probability of drawing the second ball, numbered 9, is 1/10, since there is only one ball numbered 9 remaining out of the 10 balls in the bucket.

After the first two balls are drawn, there are 9 balls remaining in the bucket, and the probability of drawing the third ball, numbered 7, is 1/9, since there is only one ball numbered 7 remaining out of the 9 balls in the bucket.

Therefore, the probability of drawing the balls numbered 4, 9, and 7 without replacement, in that order, is:

(1/11) * (1/10) * (1/9) = 1/990

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Step-by-step explanation:

+ 1.25

every new term is the previous term + 1.25.

with starting value -1.75

f(n) = 1.25n - 1.75

Answer:

the angles which are formed in matching corners or corresponding corners with the transversal when two parallel lines are intersected by any other line

Mambo needs to save R2,322.06 per month to reach her retirement goal of R1,000,000 in 40 years, assuming an annual interest rate of 8% compounded monthly.

Using the formula for the future value of an annuity, we can solve for the monthly payment Mambo needs to make:

[tex]FV = P * [(1 + r/n)^{(nt)} - 1]/(r/n)[/tex]

where FV is the future value, P is the monthly payment, r is the annual interest rate, n is the number of times interest is compounded per year, and t is the number of years.

Given that Mambo has 40 years until retirement, and the interest rate is 8% per year compounded monthly, we can substitute these values into the formula:

[tex]FV = 1,000,000 \\P = ?\\r = 0.08\\n = 12\\t = 40 \\1,000,000 = P * [(1 + 0.08/12)^(12*40) - 1]/(0.08/12)[/tex]

Solving for P, we get:

P = 2,322.06

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--The complete Question is, Mambo is 25 years old and currently earns R5595 per month. She wants to retire at age 65 and wishes to have R1,000,000 by then. Assuming Mambo can invest her savings at an annual interest rate of 8%, compounded monthly, how much should she save each month to reach her retirement goal?--