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AysviL [449]
3 years ago
10

Why is the “adjusted balance” method of financing the least expensive for consumers?

Mathematics
1 answer:
kotykmax [81]3 years ago
5 0

Answer:

Adjusted balance method of financing is least expensive for consumer because it charge interest on the ending balance. This method charge a very low interest rate as the ending balance is small.

Step-by-step explanation:

As compare to average daily balance method, it is quite cheaper. It does not charge on daily basis consumption. Instead it charge on the net balance at the end of each billing cycle.

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Explain the level of uncertainties involve in concept of probability. The next generation of miniaturized wireless capsules with
RUDIKE [14]

Answer:

a) the probability that Both motors will operate satisfactorily in the capsule 0.6222

b) the probability that One motor will operate satisfactorily and the other will not is 0.3556

Step-by-step explanation:

Given that;

total number of motors N = 10

number of motors will not operate satisfactory m = 2

number of motors randomly selected n = 2

let X be number of motors will that will not operate successfully

here, X≅Hyper geometric (x; N,n,m)

The probability mass function of x is;

P (X = x)=  { m }   {N - m }

                  {x }    {n - x}

        ⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻

                     { N }

                     { n  }

a)

the probability that both motors will operate satisfactorily in the capsule i.e no motor will not operate satisfactory

so

P(X= 0)  = { 2 }    { 10 - 2 }

                 {0 }    { 2 - 0}

        ⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻

                     { 10 }

                     { 2  }

so

P (X = 0)  = { 2 }   { 8}

              {  0 }   { 2  }

        ⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻

                     { 10 }

                     { 2  }

p(P= 0)=1×28 / 45 = 28/45 = 0.6222

Therefore the probability that Both motors will operate satisfactorily in the capsule 0.6222

b)

the probability that one motor will operate satisfactorily and the other will not.

P(X=1)  = { 2 }   { 10 - 2 }

              {  1 }    { 2 - 1  }

        ⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻

                     { 10 }

                     { 2  }

so

P(X=1)  = { 2 }   { 8 }

              {  1 }   { 1  }

        ⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻

                     { 10 }

                     { 2  }

P(X=1)  = 2×8 / 45 = 16/45 = 0.3556

Therefore the probability that One motor will operate satisfactorily and the other will not is 0.3556

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