Abank manager wants to encourage new customers to open accounts with principals of at least $2 comma 500. he decides to make a poster advertising a simple interest rate of 3%. what must the principal be if the bank manager also wants to advertise that one can earn $10 the first month? can the poster correctly say, "open an account of $2 comma 500 and earn at least $10 interest in 1 month! "?
The length of time for one individual to be erved at a cafeteria is a random variable having an ex- ponential distribution with a mean of 4 minutes. what is the probability that a person will be served in less than/3 minutes on at least 4 of the next 6 days?