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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.
Answer:
a
,
b
c
Step-by-step explanation:
From the question we are are told that
The sample data is 21, 14, 13, 24, 17, 22, 25, 12
The sample size is n = 8
Generally the ample mean is evaluated as
Generally the standard deviation is mathematically evaluated as
considering part b
Given that the confidence level is 90% then the significance level is evaluated as
Next we obtain the critical value of from the normal distribution table the value is
The margin of error is mathematically represented as
=>
=>
The 90% confidence interval is evaluated as
substituting values
considering part c
Given that the confidence level is 95% then the significance level is evaluated as
Next we obtain the critical value of from the normal distribution table the value is
The margin of error is mathematically represented as
=>
=>
The 95% confidence interval is evaluated as
substituting values
Explanation:
To determine the slope and y-intercept of the equation, let us plot the coordinates in the slope-intercept form.
Analyzing the graph, some of the points that are on the straight line is (1,0),(3,5), (9,20)
Let us consider the points (1,0),(3,5) to determine the slope.
Since, the profit is earned in thousands of dollars, m = 2.5 or m = 2500
Thus, slope = 2500
To determine the y- intercept, let us substitute any one of the coordinate from the graph.
Thus, let us substitute (1,0) in the equation to determine the y-intercept.
Simplifying, we have,
Hence, the line of best fit equation is