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lana [24]
3 years ago
6

Paul is going to buy a collectible vintage painting from the local art gallery. The painting is priced at $600 in the gallery. T

he gallery owner does accept credit cards but pefers cash. In fact, he offers to give Paul a 5% discount if he can pay in cash. Paul doesn’t have any cash but can get a cash advance on his credit card. His credit card has and APR f 16% in credit purchases and a 32% APR on cash advances. Assuming Paul wants to pay the painting off over 12 months, which of the following is true?
Mathematics
2 answers:
Lubov Fominskaja [6]3 years ago
6 0

Answer:

Answer ended up being "B" just finished the test and this is one i got wrong, however it lets you see the correct answer, which again was option "B"

Step-by-step explanation:

i gotta write some words here my guy. good luck tho

Anuta_ua [19.1K]3 years ago
3 0
Given:Painting priced at $600.
If paid using credit card and in installment basis.$600 x 16% = $96 interest on credit card balance$600 + $96 = $696 total debt$696 ÷ 12 months = $58 monthly payments
If paid using cash from cash advance.$600 x 5% discount = $30$600 - $30 = $570$570 x 32% = $182.40 interest on cash advance$570 + $182.40 = $752.40$752.40 ÷ 12 months = $62.70 monthly payment
It is cheaper for Paul to buy the painting using his credit card. He will only pay $58 per month on his credit card provider compared to the $62.70 monthly bill if he used cash advance.

Hope this helped☺☺
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A medical researcher wondered if there is a significant difference between the mean birth weight of boy and girl babies. Random
Yuliya22 [10]

Answer:

b) independent samples t-test

t=\frac{(5.92 -5.74)-(0)}{\sqrt{\frac{1.88^2}{5}}+\frac{1.81^2}{5}}=0.154  

p_v =2*P(t_{8}>0.154) =0.881  

So with the p value obtained and using the significance level given \alpha=0.05 we have p_v>\alpha so we can conclude that we have enough evidence to FAIL to reject the null hypothesis, and we can said that at 5% of significance the mean of the group 1 (boys) is NOT significantly different than the mean for the group 2 (Girls).  

Step-by-step explanation:

The system of hypothesis on this case are:  

Null hypothesis: \mu_1 = \mu_2  

Alternative hypothesis: \mu_1 \neq \mu_2  

Or equivalently:  

Null hypothesis: \mu_1 - \mu_2 = 0  

Alternative hypothesis: \mu_1 -\mu_2\neq 0  

Our notation on this case :  

n_1 =5 represent the sample size for group 1  

n_2 =5 represent the sample size for group 2  

We can calculate the mean and deviation for eaach group with the following formulas:

\bar X= \frac{\sum_{i=1}^n X_i}{n}

s = \sqrt{\frac{\sum_{i=1}^n (X_i -\bar X)^2}{n-1}}

\bar X_1 =5.92 represent the sample mean for the group 1  

\bar X_2 =5.74 represent the sample mean for the group 2  

s_1=1.88 represent the sample standard deviation for group 1  

s_2=1.81 represent the sample standard deviation for group 2  

If we see the alternative hypothesis we see that we are conducting a bilateral test and with independnet samples t test.

b) independent samples t-test

The statistic is given by this formula:  

t=\frac{(\bar X_1 -\bar X_2)-(\mu_{1}-\mu_2)}{\sqrt{\frac{s^2_1}{n_1}}+\frac{S^2_2}{n_2}}  

And now we can calculate the statistic:  

t=\frac{(5.92 -5.74)-(0)}{\sqrt{\frac{1.88^2}{5}}+\frac{1.81^2}{5}}=0.154  

The degrees of freedom are given by:  

df=5+5-2=8

And now we can calculate the p value using the altenative hypothesis:  

p_v =2*P(t_{8}>0.154) =0.881  

So with the p value obtained and using the significance level given \alpha=0.05 we have p_v>\alpha so we can conclude that we have enough evidence to FAIL to reject the null hypothesis, and we can said that at 5% of significance the mean of the group 1 (boys) is NOT significantly different than the mean for the group 2 (Girls).  

7 0
3 years ago
There are 2 blue, 6 yellow, 10 red, 3 green, 5 orange, and 4 purple marbles in a jar. What is the probability that a red marble
seraphim [82]

Answer:

1/3

Step-by-step explanation:

sum of numbers = 30 marbles

probability = 10/30 or simplified 1/3

6 0
2 years ago
The graph of which function will contain the point(2,10)​
kotegsom [21]

Answer:

point (2 , 10)

Y= 5X

10 = 5(2)

10= 10

3 0
2 years ago
Jill and Gary share £63 in the ratio 2:5<br> Work out how much each person gets.
irina [24]

Answer:

Jill gets €18 Gary gets €45.

Step-by-step explanation:

First you add the two numbers of the ratio together. 2+5=7. Then you divide the constant, 63, by the total of the ratio, 7. 63/7=9. Then you multiply each number of the ratio by the quotient. 2 x 9= 18. 5 x 9= 45.

4 0
3 years ago
3.5 hours: $10 1/2 hour: $1.25. which is the better deal
andrey2020 [161]
3.5 hours: $10 because if a 1/2 hour equaled 1.25 : 3.5 hours would give you $7.75
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