Find the distance between the points given. (-3, 2) and (9, -3)
1 answer:
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Answer:
x = $3, or x = $11
Step-by-step explanation:
The equation given is
where
- P(x) is the profit, and
- x is the app price
<u>We want app prices (x's) when profit (P(x)) is 0, so plugging in into the equation:</u>
<em>It means (x-3) = 0 OR (x-11) = 0</em>
So, x = 3, or 11
Answer:
The percentage of the bank's customers carry daily balances between $700 and $1,000 is 65.7%.
The minimum daily balance on which it should be willing to pay interest is $1,198.
Step-by-step explanation:
We have a normal distribution with mean = $800 and standard deviation = $150.
a) We can calculate this value with the standard normal distribution, calculating the z-value for $700 and $1,000.
The percentage of the bank's customers carry daily balances between $700 and $1,000 is 65.7%.
b) We must calculate from what amount only 6% of the accounts remain.
This is done by solving:
This happens for a z-value of z=2.652.
This corresponds to a amount of $1,198.
The minimum daily balance on which it should be willing to pay interest is $1,198.