Mod 2 Probability II & Financial Math Problem Module 02 Written Assignment – Probability II & Financial Math Click on the link below for this module’s prob

Mod 2 Probability II & Financial Math Problem Module 02 Written Assignment – Probability II & Financial Math
Click on the link below for this module’s problems.

Module 02 Written Assignment   

Make  sure you following all instructions given in the document. All steps  and explanations (when asked) are required for full credit! G180/MAT1402 Module 02 Assignment
Instructions: Answer all questions completely. Make sure you show all work (when applicable) for full
credit. You may include explanations to receive partial credit if your answer is incorrect.
1. A card is drawn at random out of a well-shuffled deck of 52 cards. Find the probability of the
following events:
a. Draw a two.
b. Draw a spade.
c. Draw either an Ace or King.
d. Draw a five or a red card.
Answer all four parts here. Leave as a fraction. Include an explanation of how you determined
the numerator and denominator.
2. You are rolling two fair six-sided dice. Find the probability of each of the following events:
a. You roll snake eyes (both dice are one’s).
b. At least one of the dice is a 3.
c. The sum of the two dice is four.
d. The sum of the two dice is greater than seven.
Answer all four parts here. Leave as a fraction. Include an explanation of how you determined
the numerator and denominator.
3. Your friend is playing battleship with you. In each round you either hit or miss. If you play four
rounds of the game, find the probability of each of the following events:
a. The rounds result in at least two hits.
b. The rounds result in exactly one miss.
c. The rounds result in at most one hit.
d. All rounds have different outcomes.
Hint: Use your sample space from Module 01 #1.
Answer all four parts here. Leave as a fraction. Make sure you explain how you determined
the numerator and denominator.
4. At a local high school, there are 210 seniors taking math courses. If there are a total of 319 seniors,
what percentage are taking math courses?
Show all calculations and final answer here.
5. An employee’s hourly wage increased from $10.50 per hour to $12.75 per hour. What is the
percentage increase in their wage?
Show all calculations and final answer here.
6. Suppose that you deposit $9,250.00 in a savings account that pays 0.8% annual simple interest.
Assuming no withdrawals are made, find the balance in the account after 6 years. Round your
answer to the nearest penny.
Show all calculations and final answer here.
7. Suppose that you deposit $9,250.00 in a savings account that pays 0.8% annual interest, with
interest credited to the account at the end of each year. Assuming no withdrawals are made, find
the balance in the account after 6 years. Round your answer to the nearest penny.
Show all calculations and final answer here.
8. Suppose $9,250.00 is invested in a savings account with an APR of 0.8% compounded monthly.
Assuming no withdrawals are made, find the balance in the account after 6 years. Round your
answer to the nearest penny.
Show all calculations and final answer here.

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