Answer:
x = 76/75
Step-by-step explanation:
Answer:
(D) "...because he will not have to pay any interest on his purchases during the introductory APR period."
Step-by-step explanation:
There may be many reasons for John to choose one over the other depending on his future and planned usage patterns. However, answer the (D) is the only correct one in terms of stating a reason that is actually supported by the information in the question. Specifically, there is 0% APR for card B.
What's wrong with the other choices:
Choice A: incorrect statement re APR after intro period (is not 1%); B: incorrect statement re cash advance (is not 0%); C: statement is not supported by anything in the information given (it is an assumption, and is unlikely).
Answer:C. competitive firms' profits are zero.
Step-by-step explanation: Perfect competition is the highest level of competition where the number of buyers and sellers are large,all firms are price takers,no government intervention,the products are homogeneous,no firm makes extraordinary profits, there is free entry and exit for buyers and sellers etc.
IN THE LONG RUN A PERFECTLY COMPETITIVE FIRM MAKES ZERO PROFITS.
Answer:
b. Yes, probability is > 0.05
Step-by-step explanation:
We have to find P(X=3) and if the probability is below 0.05 then the it would be unusual and if it isn't below 0.05 we believe that the data from the blood program.
This probability can be found bu binomial distribution with parameters n=6
and p=0.4.
P(X=x)=nCx(p^x)(q^n-x)
where q=1-p=1-0.4=0.6.
P(X=3)=6C3(0.4^3)(0.6^3)
P(X=3)=20(0.064)(0.216)
P(X=3)=0.27648
As the probability that the three have a blood group is greater than 0.05, so, we believe that the data from the blood program.
