Ted and alan are in a race to double their money. ted feels he will win if he puts his $4,000 into a savings account offering 4.5% interest compounded annually. alan feels he will win because he intends to put his $1,000 into a savings account offering 6% interest compounded annually. using the rule of 72, who will win, and how many years will it take to double his money? alan will win. it will take 16 years. alan will win. it will take 12 years. ted will win. it will take 12 years. ted will win. it will take 16 years.

The probability that a u. s. resident has traveled to canada is 0.18 and to mexico is 0.09. a. if traveling to canada and traveling to mexico are independent events, what is the probability that a randomly-selected person has traveled to both? (page 109 in the book may ) b. it turns out that only 4% of u. s. residents have traveled to both countries. comparing this with your answer to part a, are the events independent? explain why or why not. (page 119 may ) c. using the %’s given, make a venn diagram to display this information. (don’t use your answer to part a.) d. using the conditional probability formula (page 114 in the book) and the %’s given, find the probability that a randomly-selected person has traveled to canada, if we know they have traveled to mexico.