Identify two methods a person can use to pay their bills online. Explain the advantages and disadvantages of both methods.

1 answer:

5 0

1) You can pay your bills online using your debit, credit card, or an electronic check. Advantage: you pay when you want and when you are sure you have money in the bank. Disadvantage: you have to remember to pay the bills by the due date.

2) You can set up automatic withdrawal from your bank account to pay your bills. Advantage: once you set it up, you do not have to remember to pay the monthly bills. Disadvantage: if you do not check your checking account balance to be sure there is enough money to cover the bills, your account may go negative.

Hope this helps! :)

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When finding the margin of error for the mean of a normally distributed population from a sample, what is the critical probabili

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Critical probability is the essentially cut-off value. The critical probability when the confidence level of 58% is 0.79.

<h3>What is the critical probability?</h3>

Critical probability is the essentially cut-off value that defines the region where the test statistic is unlikely to lie.

As it is given that the confidence level is 58%. therefore, in order to calculate the critical probability, we need to calculate the margin of error within a set of data, and it is given by the formula

$\rm Critical\ Probability, (P*) = 1-\dfrac{\alpha }{2}$