You decide to take up a life of crime and plan to break into a bank. You and your buddies have to decide which bank to choose from based on their locked door. One bank has a lock that requires four letters (repetition is not allowed) and the other bank has a lock that requires 6 digits (repetition is allowed). You want to break into the bank with the door that gives you the higher probability of breaking the code. Of those two options, which one has the greater probability of you guessing the code?

The first bank with the four letter code has the grater probability of me guessing the code.

Step-by-step explanation:

To break the code for the first bank which uses four letters, since there are 26 letters in the alphabet, and require a four letter code, the first letter can be any of the 26 letters. Since one letter has been taken, we are left with 25 letters for the second position, 24 for the third position and 24 for the fourth position.

So, the total number of ways of selecting the 4 letter code without repetition is ²⁶P₄ = 26 × 25 × 24 × 23 = 358800

Since we have only 1 correct code, this is our required outcome. So,  the probability of breaking the code is P = required outcome/total outcome = 1/358800 = 2.787 × 10⁻⁶

To break the code for the second bank which uses 6 digits with repetition, since there are 10 digits, and we require a 6 digit code, each digit can be filled with 10 digits each. Since there is repetition, the total number of ways we can select the 6 digits is (¹⁰P₁)⁶ = 10 × 10 × 10 × 10 × 10 × 10 = 10⁶.

Since there is going to be only 1 correct code, the number of ways of selecting the correct code is 1.

The probability P' of cracking the second bank code is P' = required outcome/total outcome = 1/10⁶ = 1 × 10⁻⁶

Since P = 2.787 × 10⁻⁶ > P' =  1 × 10⁻⁶, the first bank with the four letter code has the grater probability of me guessing the code.

give more details

step-by-step explanation:

rick has $1400 and sally has $1500

step-by-step explanation:

to find amount of money rick has after 10 years :

principal = $1000 , time = 10 years , rate = 4% annually

to find amount of money sally has after 10 years :

her friend gives to pay her $50 per year, therefore money she has after 10 years = 50 × 10 = $500

also, sally gets $1000 after 10 years,

therefore, total amount of money sally has after 10 years = 500 + 1000 = $1500

so, after 10 years : rick has $1400 and sally has $1500