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What is the percent chance that a player selects exactly 3 winning numbers?

C ( 20 , 3 ) C ( 60 , 17 ) C ( 80 , 20 ) 12.49 %

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What is the percent chance that a player selects exactly 4 winning numbers?

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What is the percent chance that a player selects all 5 winning numbers?

C ( 20 , 5 ) C ( 60 , 15 ) C ( 80 , 20 ) 23.33 %

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What is the percent chance of winning?

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How much less is a player’s chance of selecting 3 winning numbers than the chance of selecting either 4 or 5 winning numbers?

20.50 + 23.33 12.49 = 31.34 %

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Real-world applications

Use this data for the exercises that follow: In 2013, there were roughly 317 million citizens in the United States, and about 40 million were elderly (aged 65 and over). United States Census Bureau. http://www.census.gov

If you meet a U.S. citizen, what is the percent chance that the person is elderly? (Round to the nearest tenth of a percent.)

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If you meet five U.S. citizens, what is the percent chance that exactly one is elderly? (Round to the nearest tenth of a percent.)

C ( 40000000 , 1 ) C ( 277000000 , 4 ) C ( 317000000 , 5 ) = 36.78 %

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If you meet five U.S. citizens, what is the percent chance that three are elderly? (Round to the nearest tenth of a percent.)

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If you meet five U.S. citizens, what is the percent chance that four are elderly? (Round to the nearest thousandth of a percent.)

C ( 40000000 , 4 ) C ( 277000000 , 1 ) C ( 317000000 , 5 ) = 0.11 %

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It is predicted that by 2030, one in five U.S. citizens will be elderly. How much greater will the chances of meeting an elderly person be at that time? What policy changes do you foresee if these statistics hold true?

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Chapter review exercises

Sequences and Their Notation

Write the first four terms of the sequence defined by the recursive formula a 1 = 2 , a n = a n 1 + n .

2 , 4 , 7 , 11

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Evaluate 6 ! ( 5 3 ) ! 3 ! .

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Write the first four terms of the sequence defined by the explicit formula a n = 10 n + 3.

13 , 103 , 1003 , 10003

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Write the first four terms of the sequence defined by the explicit formula a n = n ! n ( n + 1 ) .

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Arithmetic Sequences

Is the sequence 4 7 , 47 21 , 82 21 , 39 7 , ... arithmetic? If so, find the common difference.

The sequence is arithmetic. The common difference is d = 5 3 .

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Is the sequence 2 , 4 , 8 , 16 , ... arithmetic? If so, find the common difference.

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An arithmetic sequence has the first term a 1 = 18 and common difference d = 8. What are the first five terms?

18 , 10 , 2 , 6 , 14

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An arithmetic sequence has terms a 3 = 11.7 and a 8 = 14.6. What is the first term?

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Write a recursive formula for the arithmetic sequence 20 , 10 , 0 , 10 ,…

a 1 = 20 ,   a n = a n 1 + 10

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Write a recursive formula for the arithmetic sequence 0 ,   1 2 ,   1 ,   3 2 , , and then find the 31 st term.

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Write an explicit formula for the arithmetic sequence 7 8 ,   29 24 ,   37 24 ,   15 8 ,

a n = 1 3 n + 13 24

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How many terms are in the finite arithmetic sequence 12 , 20 , 28 , , 172 ?

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Geometric Sequences

Find the common ratio for the geometric sequence 2.5 ,   5 ,   10 ,   20 ,

r = 2

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Is the sequence 4 ,   16 ,   28 ,   40 , geometric? If so find the common ratio. If not, explain why.

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A geometric sequence has terms a 7 = 16 , 384 and a 9 = 262 , 144  . What are the first five terms?

4 ,   16 ,   64 ,   256 ,   1024

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A geometric sequence has the first term a 1 = 3 and common ratio r = 1 2 . What is the 8 th term?

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Questions & Answers

differentiate between demand and supply giving examples
Lambiv Reply
differentiated between demand and supply using examples
Lambiv
what is labour ?
Lambiv
how will I do?
Venny Reply
how is the graph works?I don't fully understand
Rezat Reply
information
Eliyee
devaluation
Eliyee
t
WARKISA
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Lambiv
multiple choice question
Aster Reply
appreciation
Eliyee
explain perfect market
Lindiwe Reply
In economics, a perfect market refers to a theoretical construct where all participants have perfect information, goods are homogenous, there are no barriers to entry or exit, and prices are determined solely by supply and demand. It's an idealized model used for analysis,
Ezea
What is ceteris paribus?
Shukri Reply
other things being equal
AI-Robot
When MP₁ becomes negative, TP start to decline. Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of lab
Kelo
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of labour (APL) and marginal product of labour (MPL)
Kelo
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Shukri
Can I ask you other question?
Shukri
what is monopoly mean?
Habtamu Reply
What is different between quantity demand and demand?
Shukri Reply
Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a give price and within a specific time period. Demand, on the other hand, is a broader concept that encompasses the entire relationship between price and quantity demanded
Ezea
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Shukri
how do you save a country economic situation when it's falling apart
Lilia Reply
what is the difference between economic growth and development
Fiker Reply
Economic growth as an increase in the production and consumption of goods and services within an economy.but Economic development as a broader concept that encompasses not only economic growth but also social & human well being.
Shukri
production function means
Jabir
What do you think is more important to focus on when considering inequality ?
Abdisa Reply
any question about economics?
Awais Reply
sir...I just want to ask one question... Define the term contract curve? if you are free please help me to find this answer 🙏
Asui
it is a curve that we get after connecting the pareto optimal combinations of two consumers after their mutually beneficial trade offs
Awais
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Asui
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities, where neither p
Cornelius
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities,
Cornelius
Suppose a consumer consuming two commodities X and Y has The following utility function u=X0.4 Y0.6. If the price of the X and Y are 2 and 3 respectively and income Constraint is birr 50. A,Calculate quantities of x and y which maximize utility. B,Calculate value of Lagrange multiplier. C,Calculate quantities of X and Y consumed with a given price. D,alculate optimum level of output .
Feyisa Reply
Answer
Feyisa
c
Jabir
the market for lemon has 10 potential consumers, each having an individual demand curve p=101-10Qi, where p is price in dollar's per cup and Qi is the number of cups demanded per week by the i th consumer.Find the market demand curve using algebra. Draw an individual demand curve and the market dema
Gsbwnw Reply
suppose the production function is given by ( L, K)=L¼K¾.assuming capital is fixed find APL and MPL. consider the following short run production function:Q=6L²-0.4L³ a) find the value of L that maximizes output b)find the value of L that maximizes marginal product
Abdureman
types of unemployment
Yomi Reply
What is the difference between perfect competition and monopolistic competition?
Mohammed
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Practice Key Terms 9

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Source:  OpenStax, College algebra. OpenStax CNX. Feb 06, 2015 Download for free at https://legacy.cnx.org/content/col11759/1.3
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