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Scott harris can invest $7,000 in a 1-year cd that earns interest at an annual rate of 4 percent compounded monthly. the amount per $1.00 is 1.040742. he can also invest $7,000 in a 1-year cd at annual rate of 4 percent compounded quarterly. the amount per $1.00 is 1.040604. what is the difference in the amount of interest earned for each investment? a) $0.96 b) $0.81 c) $0.87 d) $0.88

An optical inspection system is used to distinguish among different part types. the probability of a correct classification of any part is 0.92. suppose that three parts are inspected and that the classifications are independent. let the random variable x denote the number of parts that are correctly classified. determine the probability mass function of x. round your answers to four decimal places (e.g. 98.7654). x f(x) 0 1 2 3

Peter applied to an accounting firm and a consulting firm. he knows that 30% of similarly qualified applicants receive job offers from the accounting firm, while only 20% of similarly qualified applicants receive job offers from the consulting firm. assume that receiving an offer from one firm is independent of receiving an offer from the other. what is the probability that both firms offer peter a job?