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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

it is the relatively stable flow of income
Chidubem Reply
what is circular flow of income
Divine Reply
branches of macroeconomics
SHEDRACK Reply
what is Flexible exchang rate?
poudel Reply
is gdp a reliable measurement of wealth
Atega Reply
introduction to econometrics
Husseini Reply
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Mahesh
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Tom
Why is unemployment rate never zero at full employment?
Priyanka Reply
bcoz of existence of frictional unemployment in our economy.
Umashankar
what is flexible exchang rate?
poudel
due to existence of the pple with disabilities
Abdulraufu
the demand of a good rises, causing the demand for another good to fall
Rushawn Reply
is it possible to leave every good at the same level
Joseph
I don't think so. because check it, if the demand for chicken increases, people will no longer consume fish like they used to causing a fall in the demand for fish
Anuolu
is not really possible to let the value of a goods to be same at the same time.....
Salome
Suppose the inflation rate is 6%, does it mean that all the goods you purchase will cost 6% more than previous year? Provide with reasoning.
Geetha Reply
Not necessarily. To measure the inflation rate economists normally use an averaged price index of a basket of certain goods. So if you purchase goods included in the basket, you will notice that you pay 6% more, otherwise not necessarily.
Waeth
discus major problems of macroeconomics
Alii Reply
what is the problem of macroeconomics
Yoal
Economic growth Stable prices and low unemployment
Ephraim
explain inflationcause and itis degre
Miresa Reply
what is inflation
Getu
increase in general price levels
WEETO
Good day How do I calculate this question: C= 100+5yd G= 2000 T= 2000 I(planned)=200. Suppose the actual output is 3000. What is the level of planned expenditures at this level of output?
Chisomo Reply
how to calculate actual output?
Chisomo
how to calculate the equilibrium income
Beshir
Criteria for determining money supply
Thapase Reply
who we can define macroeconomics in one line
Muhammad
Aggregate demand
Mohammed
C=k100 +9y and i=k50.calculate the equilibrium level of output
Mercy Reply
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money as unit of account means what?
Kalombe
A unit of account is something that can be used to value goods and services and make calculations
Jim
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Muhammad
I want to know how can we define macroeconomics in one line
Muhammad
it must be .9 or 0.9 no Mpc is greater than 1 Y=100+.9Y+50 Y-.9Y=150 0.1Y/0.1=150/0.1 Y=1500
Kalombe
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Kalombe
hi can someone help me on this question If a negative shocks shifts the IS curve to the left, what type of policy do you suggest so as to stabilize the level of output? discuss your answer using appropriate graph.
Galge Reply
if interest rate is increased this will will reduce the level of income shifting the curve to the left ◀️
Kalombe
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Source:  OpenStax, Precalculus. OpenStax CNX. Jan 19, 2016 Download for free at https://legacy.cnx.org/content/col11667/1.6
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