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3 years ago

If you plan to take money out of the bank frequently, what type of account should you get?

2 answers:

4 0

If you are planning to take out money frequently then I would recommend a checking account. however, if you plan to open a savings account there is a limited of how many times you can withdraw.

Svet_ta [14]3 years ago

4 0

Answer: A checking account

Explanation:

A checking account is known to be a transactional account which makes withdrawal and deposit easy for account owners. This account can be accessed with the use of debit cards, writing of checks or withdrawal of cash. Thus, it is very liquid, has a low interest rate and the account holder can take out money from the account as often as he likes. It is also known as demand account.

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Let x be per capita income in thousands of dollars. Let y be the number of medical doctors per 10,000 residents. Six small citie

MAVERICK [17]

Answer:

The percentage of variation esplained by the model is given by the determination coefficient, on this case:

$R^2 = 0.934^2 =0.872$

And we have 87.2% of the variation explained by the linear model given.

$\hat y = 5.756(8.5) -36.895=12.031$

And we have 12.031 doctors per 10000 residents.

Explanation:

Assuming the following dataset:

x y

8.6 9.6

9.3 18.5

10.1 20.9

8.0 10.2

8.3 11.4

8.7 13.1

Assuming this question: "The data has a correlation coefficient of r = 0.934. Calculate the regression line for this data. What percentage ofvariation is explained by the regression line? Predict the number of doctors per 10,000 residents in a town with a per capita income of $8500."

We want a linear model like this:

$y = mx +b$

Where m represent the slope and b the intercept for the linear model. And we cna find the slope and b with the following formulas:

$m = \frac{n \sum xy - \sum x \sum y}{n \sum x^2 -(\sum x)^2}$

$b = \frac{\sum y}{n} -m \frac{\sum x}{n}$

And from the dataset we have the following values:

$n= 6, \sum x =53, \sum y = 83.7 , \sum xy = 755.89, \sum x^2 = 471.04$

And replacing into the equation for m we got:

$m =\frac{6(755.89) - (53)(83.7)}{6(471.04) -(53)^2}=5.756$

And the intercept:

$b = \frac{83.7}{6}-36.895 5.756 \frac{53}{6}=-36.895$

And then the linear model is given by:

$\hat y = 5.756 x -36.895$

We can find the estimation replacing x = 8.5 into the linear model and we got:

$\hat y = 5.756(8.5) -36.895=12.031$

And we have 12.031 doctors per 10000 residents.

The percentage of variation esplained by the model is given by the determination coefficient, on this case:

$R^2 = 0.934^2 =0.872$

And we have 87.2% of the variation explained by the linear model given.

4 0

3 years ago

Stiller Company, an 80% owned subsidiary of Leo Company, purchased land from Leo on March 1, 2017 for $75,000. The land original

Ierofanga [76]

Answer:

$15,000

Explanation:

In leo company books, the gain recognized would be $75,000 - $60,000 = $15,000 as they are selling the land $15,000 more than it initially cost them

7 0

3 years ago

The following information is related to Alpha Company:

yan [13]

Answer:

c. $5.1 per hour.

Explanation:

Estimated Manufacturing overhead = $249,000

Estimated direct labour hours = 50,000

Predetermined overhead Rate = Estimated Manufacturing overhead / Estimate direct labor hours

Predetermined overhead Rate = $249,000 / 50,000

Predetermined overhead Rate = $4.98

The given is inconsistent with the options given in this question. A similar question is attached with this answer. The following answer is made according to the attached question. please find that.

Estimated Manufacturing overhead = $254,000

Estimated direct labour hours = 50,000

Predetermined overhead Rate = Estimated Manufacturing overhead / Estimate direct labor hours

Predetermined overhead Rate = $254,000 / 50,000

Predetermined overhead Rate = $5.08 = $5.1 per hour

3 0

3 years ago

A business plan should be rewritten every three to five years<br> true<br> false

Kisachek [45]

The answer would be True.

6 0

3 years ago

Read 2 more answers

When mik has an absolute advantage in the production of two goods over tommy, mik?

Vesna [10]

When milk has an absolute advantage in the production of two goods over Tommy, Milk IS MORE PRODUCTIVE IN PRODUCING BOTH GOODS THAN TOMMY.
A country or an individual is said to have absolute advantage in producing a good if the person can produce the good more efficiently economic wise.

6 0

3 years ago