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
Ludmilka [50]
3 years ago
13

As accounts manager in your company, you classify 75% of your customers as "good credit" and the rest as "risky credit" dependin

g on their credit rating. Customers in the "risky" category allow their accounts to go overdue 50% of the time on average, whereas those in the "good" category allow their accounts to become overdue only 10% of the time. What percentage of overdue accounts are held by customers in the "risky credit" category?
Mathematics
1 answer:
Elena-2011 [213]3 years ago
4 0

Answer:

The percentage of overdue accounts are held by customers in the "risky credit" category is 62.5%

Step-by-step explanation:

Customers in the "risky" category (25% of total accounts) allow their accounts to go overdue 50% of the time on average.

That means that on average, 12.5% of total accounts is overdue.

0.25*0.50 = 0.125

In the "good credit" category only 10% goes overdue. That means 7,5% of total accounts goes overdue in this category.

0.75*0.10=0.075

The total accounts that go overdue is 0.125+0.075 = 0.200.

The percentage of overdue accounts held by customers in the "risky credit" category is:

0.125/0.200 = 0.625 or 62.5%

You might be interested in
Use Elimination to solve the system below, find X!!!
grin007 [14]
The answer is x=2 that is the answer
5 0
3 years ago
Read 2 more answers
WHATS IS -5x 2/7= I NEED HELP PLEASE
Kipish [7]

-5x 2/7 =

−10x/7

srry if it is wrong man but that is what i got

4 0
3 years ago
Please help me pick the tallest ones
natta225 [31]

Answer:

<h2>1ST: MIDDLE 2ND:RIGHT SIDE 3RD: GIRAFFE ON THE LEFT</h2><h2></h2>
4 0
3 years ago
The sum of one and the product of one and a number x
Annette [7]

1 + 1x

OR

1 + x

They mean the same thing! Hope this helps!

7 0
3 years ago
Read 2 more answers
Solve the inequality (29/289)z&lt;(16/161)z
stellarik [79]

is that what you looking for

4 0
2 years ago
Read 2 more answers
Other questions:
  • What numbers are 0.6 unit from 1.3 on a number line?
    12·1 answer
  • 3y=11-2x, 3x=y-11 linear equation solve using the algebraic method check solution
    5·1 answer
  • Solve formula for r 9k+ar=r-3y
    12·2 answers
  • A basket contains 9 blue ribbons, 7 red ribbons and 6 white ribbons. What is the probability that a ribbon selected at random wi
    15·2 answers
  • |-2x + 4| &gt; or equal to 4
    5·1 answer
  • Write the equation of each line in slope-intercept form
    5·1 answer
  • Look at the student work shown below.
    7·1 answer
  • I need help with this one please
    5·2 answers
  • The equation of the line that passes through points (0, negative 7) and (2, negative 1) is shown below. What value is missing fr
    12·2 answers
  • Emma is playing miniature golf. Her ball is 2 feet of the right-wall. The hole is 4 feet to the left of the wall. The distance a
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!