Withdrawing money from an ATM is a good example of how a transaction processing works.
<h3>What is money?</h3>
It should be noted that money simply means a medium of exchange or a means of payment that can be used to carry out a particular transaction.
In this case, withdrawing money from an ATM is a good example of how a transaction processing works.
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Answer and Explanation:
You will be charged credit card interest on the outstanding balance. Your credit card interest is added to your outstanding balance for each day past your due date of payment(after the month you didn't pay the full amount)
You made a purchase of $750 and paid $150 and so you have an outstanding balance of $600. This outstanding balance will be charged interest on daily basis. Let's assume your APR(your annual interest over 12 months) is 24%, your interest is broken down into months and then days. Your monthly interest is therefore 24/12= 2% and your daily interest = 0.02/30 = 0.00067= 0.0067% per day.
Based on this assumption, you will be charged 0.0067% interest on your outstanding balance each day till you make full payment(interest + outstanding balance)
The answer choice which represents a bait-and-switch scam is Choice B; Mike decides to complain to the Better Business Bureau after a store advertises “everything in this store is $5 or less” but discovers the store charges a $2 fee for credit card purchases under $66.
<h3>Which is an evidence against a bait-and-switch scam?</h3>
Bait and switch is a morally suspect sales tactic that lures customers in with specific claims about the quality or low prices on items that turn out to be unavailable in order to upsell them on a similar, pricier item. It is simply considered a form of retail sales fraud, though it takes place in other contexts.
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Answer:
a. C. The experiment consists of n identical, independent trials, where there are only two possible outcomes, S (for Success) and F (for Failure). The probability of S remains the same from trial to trial. The variable x is the number of S's in n trials.
b. A. For any young adult, the probability that they own a mobile phone with internet access is p.
c. A. In a random sample of 500 young adults Upper E left parenthesis x right parenthesis E(x) will always be the number of young people surveyed that will own mobile phones with internet access.
Explanation:
A binomial random variable is mostly used to show the number of successful results in a repeated number of binomial experiments. Thus, we can infer that the variable 'x' has the properties of a binomial random variable. The expected value of the variable 'x' is equivalent to the probability-weighted mean of all possible values of x.
This seems a little obvious so the answer is no, doesn’t show good work ethic
