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Use the Multinomial Formula and Find the Probability for the Following

question 39

Multiple Choice

Use the multinomial formula and find the probability for the following data.
n=8,X1=4,X2=3,X3=1,p1=0.30,p2=0.50,p3=0.20\begin{array} { l } n = 8 , X _ { 1 } = 4 , X _ { 2 } = 3 , X _ { 3 } = 1 , \\p _ { 1 } = 0.30 , p _ { 2 } = 0.50 , p _ { 3 } = 0.20\end{array}

Calculate simple interest and main concepts.
Determine the maturity value of investments.
Understand the relationship between interest rates, investment periods, and final payouts.
Calculate the amount of principal given specific investment conditions.

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