The answer is a, the more you wait to get you money back the more you charge in interest, you have to be paid to wait.
Answer:
The law of demand states that quantity purchased varies inversely with price. In other words, the higher the price, the lower the quantity demanded. This occurs because of diminishing marginal utility
Explanation:
Answer:
A. Bud stands at a counter helping customers with deposits and withdrawals.
C. Thanh analyzes a customer’s application for a mortgage in a mortgage company office.
E. Jill meets with a customer in a credit union to discuss a loan.
Explanation:
Given the following:
Sigma =
17.8
E =
44 points
Confidence interval = 99% - 2.58
Confidence interval = 95% - 1.96
In order to get the sample size,
use the formula:
For 99% confidence level
n =
[ (z value x s) / E ]2
n =
[ (2.58 x 17.8) / 44]2
n =
1. 089 or 1 (rounded up)
For 95% confidence level
n =
[ (z value x s) / E ]2
n =
[ (1.96 x 17.8) / 44]2
n =
0.628 or 1 (rounded up)
As we decrease the confidence
level, from 99% to 95%, our confidence interval gets smaller. In additional, to
be more confident that our interval actually comprises the population mean we
have to increase the size of the interval. To ease that trade off between level
of confidence and the precision of our interval is to primarily increase the
sample size.
Answer: Insurance premium
Explanation: