$10,000 at an annual rate of 7%, compounded semi-annually, for 2 years Use the compound interest table to find each balance

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Step-by-step explanation:

Since interest is compounded semi-annually (half a year or 6 months), in a spawn of 2 years, the interest will have been compounded 4 times. As given in the problem, each time the interest is compounded, the new balance will be 107% or 1.07 times the amount of the old balance.

Therefore, we can set up the following equation to find the new balance after 2 years:

answer: expected value of x = 1.0

step-by-step explanation:

p(x=0) = 0.25

p(x=1) = 0.50

p(x=2) = 0.25

expected value for x = 0×0.25 + 1×0.5 + 2×0.25 = 1.0