1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Stels [109]
3 years ago
9

Benjamin's credit card has an APR of 19%, calculated on the previous monthly balance, and a minimum payment of 2%, starting the

month after the first purchase. His credit card record for the last 7 months is shown in the tablebelow.
End of Previous
Payment Finance Principal New
month balance charges received charges
balance
$0.00 $2400.00 $0.00 $0.00 $0.00 $2400.00
$2400.00 $0.00
$48.00
$38.00 $10.00 $2390.00
$2390.00 $0.00 $47.80 $37.84 $9.96 $2380.04
$2380.04 $0.00 $47.60
$37.68
$2370.12
$2370.12
$0.00
$47.40 $37.53
$2360.25
$2360.25 $0.00 $47 20 $3737 $9.83 $2350.41
$2350.41 $0.00 $47.01 $37 21 $9.79 $2340.62
pald
VOON
$9.92
$9.88
What is the total amount that Benjamin has made in payments over the 7
months?
Mathematics
1 answer:
Anastaziya [24]3 years ago
3 0

Answer:

2390.00

Step-by-step explanation:

You might be interested in
Sarah claims that the thickness of the spearmint gum she produces is 7.5 one-hundredths of an inch. A quality control specialist
satela [25.4K]

Answer:

t=\frac{7.55-7.5}{\frac{0.103}{\sqrt{10}}}=1.539    

p_v =2*P(t_{(9)}>1.539)=0.158  

If we compare the p value and the significance level assumed \alpha=0.05 we see that p_v>\alpha so we can conclude that we have enough evidence to fail reject the null hypothesis.  

Step-by-step explanation:

Data given and notation  

Data: 7.65, 7.60, 7.65, 7.7, 7.55, 7.55, 7.4, 7.4, 7.5, 7.5

We can begin calculating the sample mean given by:

\bar X = \frac{\sum_{i=1}^n X_i}{n}

And the sample deviation given by:

s=\sart{\frac{\sum_{i=1}^n (X_i -\bar X)^2}{n-1}}

And we got:

\bar X=7.55 represent the sample mean

s=0.103 represent the sample standard deviation

n=10 sample size  

\mu_o =7.5 represent the value that we want to test

\alpha=0.05 represent the significance level for the hypothesis test.  

t would represent the statistic (variable of interest)  

p_v represent the p value for the test (variable of interest)  

State the null and alternative hypotheses.  

We need to conduct a hypothesis in order to check if the mean is equal to 7.5 or no, the system of hypothesis would be:  

Null hypothesis:\mu = 7.5  

Alternative hypothesis:\mu \neq 7.5  

If we analyze the size for the sample is < 30 and we don't know the population deviation so is better apply a t test to compare the actual mean to the reference value, and the statistic is given by:  

t=\frac{\bar X-\mu_o}{\frac{s}{\sqrt{n}}}  (1)  

t-test: "Is used to compare group means. Is one of the most common tests and is used to determine if the mean is (higher, less or not equal) to an specified value".  

Calculate the statistic

We can replace in formula (1) the info given like this:  

t=\frac{7.55-7.5}{\frac{0.103}{\sqrt{10}}}=1.539    

P-value

The first step is calculate the degrees of freedom, on this case:  

df=n-1=10-1=9  

Since is a two sided test the p value would be:  

p_v =2*P(t_{(9)}>1.539)=0.158  

Conclusion  

If we compare the p value and the significance level assumed \alpha=0.05 we see that p_v>\alpha so we can conclude that we have enough evidence to fail reject the null hypothesis.  

3 0
4 years ago
Describe and correct the error in finding the slope of the line passing through <br> (0,0) and (4,5)
Verdich [7]

Answer:


Step-by-step explanation:

o,o is in the origin

6 0
4 years ago
Help plz I'm desperate ​
lutik1710 [3]

<u>Anna:</u>

1st month = 18 + \frac{3}{4} = 18\frac{3}{4} inches

2nd month = 18\frac{3}{4} + \frac{3}{4} = 19\frac{1}{2}

3rd month = 19\frac{1}{2} + \frac{3}{4} = 20\frac{1}{4}

4th month = 20\frac{1}{4} + \frac{3}{4} = 21

5th month = 21 + \frac{3}{4} = 21\frac{3}{4}

<u>Grace:</u>

Because Anna is \frac{9}{4} inches shorter than Grace, we can start the count from the third month:

1st month = 20\frac{1}{4}

2nd month = 21

3rd month = 21\frac{3}{4}

4th month = 21\frac{3}{4} + \frac{3}{4} = 22\frac{1}{2}

5th month = 22\frac{1}{2} + \frac{3}{4} = 23

7 0
3 years ago
How long did it take the 9000 N car to reach 100 km/hr?
Veronika [31]
100 seconds. The numbers on the left are seconds.
7 0
3 years ago
samantha saw two bottles of ketchup at the store for the same price. One bottle contained 4 pints of ketchup, and the other cont
JulijaS [17]
4 Pints
4 pints is equal to 2 quarts
2 is more than 1/25
4 0
3 years ago
Other questions:
  • Jake took out an interest-free loan of $3,011.70 from the bank to buy a car. He paid the bank $200.78 each month until it was pa
    14·1 answer
  • The table below shows the cost of riding in a taxi cab. What is the rate of change?
    13·1 answer
  • Claire jogs no more than 20 miles per week. Which inequality represents the number of miles she runs each week?
    8·2 answers
  • The sum of the three angles in a triangle is 180 degrees. One of the angle measures 30 degrees, and the second angle measures 75
    14·2 answers
  • Find the area of the parallelogram.
    11·1 answer
  • 14 oz has 98 calories how many calories are there in a 23 oz iced tea
    7·1 answer
  • Chapter 4
    6·1 answer
  • Geometry pretty pleases
    11·2 answers
  • How many ways are there to add three positive even numbers to get a sum of 20? Solve this
    11·1 answer
  • Graph data on line plots (through 1/8 of a unit)
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!