For 12–14, use the box plots to compare the
1 answer:
Answer:
City B
Greatest leasing cost = $625
Attached is the box plot and more information about the question.
Step-by-step explanation:
From the box plot attached to this solution, we can observe that city B have the lowest cost of leasing cars. The lowest dot of the box plot which is the minimum cost of leasing cars in city B is on $400.
Also the greatest amount that can be used to lease cars in the cities is between $600 and $650.
= (600+650)/2 = $625
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Then
Marilyn's finance charge at the end of the first month will be
$991.38 × 0.199/12 = $16.44
The balance subject to the next month's finance charge will be
$991.38 +16.44 -410.00 = $597.82
The finance charge at the end of the second month will be
$597.82 × 0.199/12 = $9.91
The balance remaining after the second payment will be
$597.82 +9.91 -410.00 = $197.73
The finance charge applied at the end of the third month is
$197.73 × .199/12 = $3.28
so Marilyn can make one final payment of
$197.73 +3.28 = $201.01
to pay off the balance.
In all, Marilyn has paid 2×$410.00 +201.01 =
$1021.01 . . . . . . . . corresponds to the first choice
_____
In real life, Marilyn's credit card may not accrue any finance charge until after the first statement on which the charge appears. Thus the total cost of the purchase may be only $1004.02. The attached spreadsheet shows the beginning balance and the finance charges for each month for the two different scenarios.
$991.38 × 0.199/12 = $16.44
The balance subject to the next month's finance charge will be
$991.38 +16.44 -410.00 = $597.82
The finance charge at the end of the second month will be
$597.82 × 0.199/12 = $9.91
The balance remaining after the second payment will be
$597.82 +9.91 -410.00 = $197.73
The finance charge applied at the end of the third month is
$197.73 × .199/12 = $3.28
so Marilyn can make one final payment of
$197.73 +3.28 = $201.01
to pay off the balance.
In all, Marilyn has paid 2×$410.00 +201.01 =
$1021.01 . . . . . . . . corresponds to the first choice
_____
In real life, Marilyn's credit card may not accrue any finance charge until after the first statement on which the charge appears. Thus the total cost of the purchase may be only $1004.02. The attached spreadsheet shows the beginning balance and the finance charges for each month for the two different scenarios.