Examlex
Solve the problem.
-The probability that a radish seed will germinate is 0.7. A gardener plants seeds in batches of 19. Find the mean for the number of seeds germinating in each batch.
Compounded Continuously
Pertains to the situation where interest is added to the principal balance of an investment, loan, etc., at an infinite number of times within a specified time period.
Balance
The equality between the sum of the debits and credits in an account, or the stability between opposing forces.
Compounded Annually
Refers to interest calculated once a year on the principal, including any previously earned interest.
Balance
In mathematics, the state in which both sides of an equation or an inequality have equal values or weights.
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