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romanna [79]
3 years ago
9

In one particular month, a person has a balance of $3,880 on their credit card for 4 days. They then make a purchase and carry a

balance of $2,950 for the next 12 days. Then this person makes another payment and carries a balance of $1,600 for the remaining 15 days in the month.
What is their average daily balance rounded to the nearest cent?
Mathematics
1 answer:
Harrizon [31]3 years ago
4 0

Answer:

  $2,416.77

Step-by-step explanation:

The weighted average balance is ...

  (3880×4 +2950×12 +1600×15)/(4+12+15) = 74920/31 ≈ 2416.77

The average daily balance is $2,416.77.

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Find the probability of at least 6 failures in 7 trials of a binomial experiment in which the probability of success in any one
oksano4ka [1.4K]

Answer:

P(x \geq 6)=P(X=6)+P(X=7)

And we can find the individual probabilities:

P(X=6)=(7C6)(0.91)^6 (1-0.91)^{7-6}=0.358

P(X=7)=(7C7)(0.91)^7 (1-0.91)^{7-7}=0.517

And replacing we got:

P(x \geq 6)=P(X=6)+P(X=7)= 0.358+0.517=0.875

Step-by-step explanation:

Previous concepts

The binomial distribution is a "DISCRETE probability distribution that summarizes the probability that a value will take one of two independent values under a given set of parameters. The assumptions for the binomial distribution are that there is only one outcome for each trial, each trial has the same probability of success, and each trial is mutually exclusive, or independent of each other".

Solution to the problem

Let X the random variable of interest, on this case we now that:

X \sim Binom(n=7, p=1-0.09=0.91)

The probability associated to a failure would be p =1-0.09 = 0.91

The probability mass function for the Binomial distribution is given as:

P(X)=(nCx)(p)^x (1-p)^{n-x}

Where (nCx) means combinatory and it's given by this formula:

nCx=\frac{n!}{(n-x)! x!}

And we want to find this probability:

P(x \geq 6)=P(X=6)+P(X=7)

And we can find the individual probabilities:

P(X=6)=(7C6)(0.91)^6 (1-0.91)^{7-6}=0.358

P(X=7)=(7C7)(0.91)^7 (1-0.91)^{7-7}=0.517

And replacing we got:

P(x \geq 6)=P(X=6)+P(X=7)= 0.358+0.517=0.875

6 0
3 years ago
Find the answer<br> -4(41)<br> 4(-41)<br> -4(-41)
Anna71 [15]

Answer:

-4(-41)

Step-by-step explanation:

3 0
3 years ago
Which of the following fractions is closest to the decimal 0.35
Eva8 [605]
<span>These are the options that I found for this question.

1/3

3/5

3/8

5/1/2

You just have to make the division and compare the results>

1 / 3 = 0.333..

3 / 5 = 0.6

3 / 8 = 0.375

5 / 12 = 0.416.....

So which is closest to 0.35? The answer is 1/3
</span>
8 0
3 years ago
Which of the following is an equivalent form of the expression 15x+24ax ?
S_A_V [24]
The awnse is 24a+24ax I hope this helps
3 0
3 years ago
Describe the behavior of the graph at the x-intercepts for the function f(x)=(2x-7)^7(x+3)^4. Identify each x-intercept and just
Shkiper50 [21]

Answer:

f(x)=(2x-7)^7(x+3)^4

When y=0, (2x-7)^7=0 and x=3.5 OR

(x+3)^4=0, and x=-3

Look at x=h or f(2)

That is 96-56-44+2 and it is not equal to 0. (x-2) is not a factor.

x^3-5x^2+6x-30

after trying 1,2, and 3, I tried 5

5/1===-5===6===-30

==1===0====6====30

(x^2-6) with no remainder

the factors are (x-5)(x^2+6)

the zeroes are 5, +/- i sqrt (6). Only one real 0.

hope this helps let me know in the comments if i'm wrong

7 0
3 years ago
Read 2 more answers
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