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3 years ago

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Pizza Palace has a small business loan for 30 months at 6% interest. The expression for the total loan amount to be paid is p (1

+r)^t, where:
t is time in years,
r is interest rate as a decimal, and
p is the principal of the loan.

Find the principal of the loan, to the nearest dollar, when the total loan amount to be paid is $404,886 at 30 months.

A manager says, “If the interest rate was cut in half, the difference between the total loan amount and the principal would also be cut in half.”

The statement is not always true.

Provide a specific example to refute the manager’s statement.

1 answer:

gregori [183]3 years ago

8 0

Answer:

The principal of the loan is $350000

$26844 is not half 54886 so the statement is not true

Step-by-step explanation:

* Lets use the given rule to solve the question

- The total loan amount to be paid = p (1 + r)^t , where

# t is time in years,

# r is interest rate as a decimal

# p is the principal of the loan

- To find t divide the number of months by 12

∵ t = 30/12 = 2.5 years

∵ r = 6/100 = 0.06 ⇒ the interest rate in decimal

∵ The total loan amount to be paid = $404,886

∴ 404,886 = p (1 + 0.06)^2.5

∴ 404,886 = p (1.06)^2.5 ⇒ divide both sides by (1.06)^2.5

∴ p = 404,886 ÷ [(1.06)^2.5] ≅ $350,000

* The principal of the loan is $350,000

- To check the statement of the manager lets find the difference

between the total loan amount and the principal

∵ The principal of the loan is $350,000

∵ the total loan amount to be paid is $404,886

∴ The difference = 404,886 - 350,000 = $54886

- Lets find the total loan amount to be paid when the interest rate

was cut in half

∵ The total loan amount to be paid = p (1 + r)^t

∵ t = 30/12 = 2.5 years

∵ The half of 6% is 3%

∴ r = 3/100 = 0.03 ⇒ the interest rate in decimal

∵ p = $350,000

∴ The total loan amount to be paid = 350,000 (1 + 0.03)^2.5

∴ The total loan amount to be paid = 350,000 (1.03)^2.5

∴ The total loan amount to be paid = $376,844

- Lets find the difference between the total amount to be paid and

the principal

∴ The difference = 376,844 - 350,000 = $26844

∵ $26844 is not half 54886

* The statement is not true

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Answer:

The bottom for an A is 75. Round to the nearest whole number as needed.

Step-by-step explanation:

1) Previous concepts

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".

Let X the random variable that represent the scores on this case, and for this case we know the distribution for X is given by:

$X \sim N(\mu=73,\sigma=7)$

And let $\bar X$ represent the sample mean, the distribution for the sample mean is given by:

$\bar X \sim N(\mu,\frac{\sigma}{\sqrt{n}})$

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And we want the top 5.5% of the scores, so we need a value a such that:

$P(X>a)=0.055$ or $P(X$

We need on the right tail of the distribution a value a that gives to us 94.5% of the area below and 5.5% of the area above. Both conditions are equivalent.

Let's use the condition $P(X$ , the best way to solve this problem is using the z score with the following formula:

$z=\frac{x-\mu}{\sigma}$

So we need a value from the normal standard distribution that accumulates 0.945 of the area on the left and 0.055 on the right. This value on this case is 1.598 and we can founded with the following code in excel:

"=NORM.INV(0.945,0,1)"

If we apply the z score formula to our case we have this:

$P(X$

So then based on the equalities we have this:

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And if we solve for a we got:

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3 years ago

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Answer:

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absolute min: f(x,y)=p1 ; at U(0,0), V(1,0) and W(0,1)

Step-by-step explanation:

In order to find the absolute max and min, we need to analyse the region inside the quarter disc and the region at the limit of the disc:

<u>Region inside the quarter disc:</u>

There could be Minimums and Maximums, if:

∇f(x,y)=(0,0) (gradient)

we develop:

(1-2x, 1-2y)=(0,0)

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Critic point P(1/2,1/2) is inside the quarter disc.

f(P)=1/2+1/2+p1-1/4-1/4=1/2+p1

f(0,0)=p1

We see that:

f(P)>f(0,0), then P(1/2,1/2) is a maximum relative

<u>Region at the limit of the disc:</u>

We use the Method of Lagrange Multipliers, when we need to find a max o min from a f(x,y) subject to a constraint g(x,y); g(x,y)=K (constant). In our case the constraint are the curves of the quarter disc:

g1(x, y)=x^2+y^2=1

g2(x, y)=x=0

g3(x, y)=y=0

We can obtain the critical points (maximums and minimums) subject to the constraint by solving the system of equations:

∇f(x,y)=λ∇g(x,y) ; (gradient)

g(x,y)=K

<u>Analyse in g2:</u>

x=0;

1-2y=0;

y=1/2

Q(0,1/2) critical point

f(Q)=1/4+p1

We do the same reflexion as for P. Q is a maximum relative

<u>Analyse in g3:</u>

y=0;

1-2x=0;

x=1/2

R(1/2,0) critical point

f(R)=1/4+p1

We do the same reflexion as for P. R is a maximum relative

<u>Analyse in g1:</u>

(1-2x, 1-2y)=λ(2x,2y)

x^2+y^2=1

Developing:

x=1/(2λ+2)

y=1/(2λ+2)

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$\lambda_{2}$ give us (x,y) values negatives, outside the region, so we do not take it in account

For $\lambda_{1}$ : S(x,y)=(0.70, 070)

and

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We do the same reflexion as for P. S is a maximum relative

<u>Points limits between g1, g2 y g3</u>

we need also to analyse the points limits between g1, g2 y g3, that means U(0,0), V(1,0), W(0,1)

f(U)=p1

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We can see that this 3 points are minimums relatives.

<u>Conclusion:</u>

We compare all the critical points P,Q,R,S,T,U,V,W an their respective values f(x,y). We find that:

absolute max: f(x,y)=1/2+p1 ; at P(1/2,1/2)

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Marysya12 [62]

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3 years ago

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Hatshy [7]

Answer:

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3 years ago

Read 2 more answers

Can someone help me please it is from numbers 16 to 19 please someone

TiliK225 [7]

The <u>correct answers</u> are:

16) Mean = 10.25; Median = 10; Range = 17
17) The range.
18) 10
19) 5+5+6+6+7+8+8+8+9+9+10+10+10+10+10+11+12+12+12+13+13+15+15+22 = 246.

Explanation:

16) To find the <u>mean</u>, we first find the sum of the data values in the set:
5+5+6+6+7+8+8+8+9+9+10+10+10+10+10+11+12+12+12+13+13+15+15+22 = 246.

Next we divide this sum by the number of data points, 24:
246/24 = 10.25.

The <u>median</u> is the middle point of a data set. Since there are 24 points, this will be between two values. These two values are 10 and 10; the median is 10.

The <u>range </u>is found by subtracting the highest and lowest values:
22-5 = 17.

17) The <u>mean </u>is changed; the sum of the data values is 246. Taking 22 out of this, the sum is now 223, and we have 23 data points instead of 24; 223/23 = 9.7 for the new mean.
The <u>median </u>does not change; it is still 10.
The <u>range</u> changes; the highest value is now 15, and the lowest is 5: 15-5=10. The range is changed the most.

18) The <u>mean is affected</u> by the outlier and the <u>median is not</u>, so we use the <u>median</u>. This means the answer is 10.

19) The expression for the total number of cars sold is found by adding together all of the points.

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