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Essay Available:
Pages:
6 pages/β‰ˆ1650 words
Sources:
Check Instructions
Style:
APA
Subject:
Mathematics & Economics
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 25.92
Topic:

Probability Report

Essay Instructions:

It has been too many years out of school and I need help with this project as well. Please see attached\

Financial Report Money is a central concept for everyone no matter what age you are. In this project, you will explore exponents using the compound interest formula to make conclusions on investments.   In this project, you will: 1. Use exponents to calculate the amount of interest earned on an investment. 2. Evaluate formulas with exponents. 3. Convert interest rates to decimals. 4. Apply the order of operations.   To complete this project you will: 1. Complete the Financial Report Worksheet to guide you in developing your budget. Be sure to show all work! 2. Complete a 2-page, double-spaced, APA-formatted report. In the report, you need to present your findings and explain your conclusions on interest rates and compounding frequency. Thoughts to include in the report include: Is a savings account a good way to earn interest? When looking at opening a savings account, what should you look for: higher interest rate or more frequent compounding? 3. Be sure to cite your sources for the interest rates from the chosen financial institution!   Length/Formatting Instructions Length 2 pages, 400-500 words Font 12 point, Calibri Font, no more than 1" margins Program/File TypeSubmit in Word Attachments Should be pasted into the Word document if possible. Referencing system APA referencing system is necessary in assignments, especially material copied from the Internet

Essay Sample Content Preview:
Probability Report Worksheet
Directions: Complete the probability report worksheet to help you with your calculations to create the APA report. 1. Choose one of the three scenarios:
* Probability of obtaining heads on a coin toss
* Probability of rolling a 2 on a 6-sided die.
* Probability of drawing a Jack from a deck of cards.
The probability that I choose is the one first one, namely; probability of obtaining heads on a coin toss.
2. Calculate the theoretical probability for your chosen scenario. Show all work! Remember probability is the number of ways you can achieve the desired outcomes divided by the total number of outcomes. Then calculate the theoretical probability of your chosen scenario NOT happening. Ex: What is the probability of “Not Heads”? What is the probability of “Not rolling a 2”, etc.
Since there are only two sides of the coin the theoretical probability is ½, .50 or 50%.
3. Complete 100 trials for your chosen scenario. Example: Flip a coin 100 times and record the outcome, roll a die 100 times and record the outcome, choose a card from a deck (with replacement) 100 times.
Probability of Tails (0) or Heads (1)4. Create a table in Microsoft Word here and record your data.
Trial Number

Result

1

0

2

0

3

0

4

0

5

0

6

1

7

1

8

0

9

1

10

0

11

1

12

0

13

1

14

0

15

0

16

1

17

0

18

1

19

0

20

1

21

0

22

0

23

0

24

1

25

1

26

0

27

1

28

0

29

1

30

1

31

0

32

1

33

1

34

1

35

1

36

0

37

1

38

1

39

0

40

0

41

1

42

1

43

1

44

0

45

0

46

0

47

1

48

0

49
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