Answer:
$34,000
Step-by-step explanation:
First they had 30,000
Then wrote off 40,000
So balance is 30,000 - 40,000 = -10,000
Now, they want 8% of 300,000 as uncollectible. So that would be
0.08 * 300,000 = 24,000
Thus, to bring the balance to 24,000 [balance is -10,000], how much would they need to add?? Let it be x:
-10,000 + x = 24,000
x = 24,000 + 10,000 = $34,000
The answer is median, because the data is skewed and there is an outlier.
Isn’t it supposed to be a minus sign? For it can be like w-2, w-2 ?
B. Banks want to know if it's risky or not to loan you money
