I need help on 1 2 and 4 I’ll give you brainliest
2 answers:
You might be interested in
Answer:
(a). $1465.42
(b). $214.58
Step-by-step explanation:
We have been given that installment Buying TV Town sells a big screen smart HDTV for $600 down and monthly payments of $30 for the next 3 years. The interest rate is 1.25% per month on the unpaid balance.
(a) To find the cost of the TV, we will use monthly payment formula.
, where,
R = Periodic payment,
P = Loan amount,
i = Monthly interest rate in decimal form,
n = Number of total payments.
We know that total cost of TV would be equal to down payment plus amount of loan that is:
Therefore, the total cost of the TV would be $1465.42.
(b). First of all, we need to find total amount paid in 3 years by multiplying amount of each monthly payment by 36 (3 years equal to 36 months).
To find the total amount of interest paid, we will subtract amount of loan from total payment.
Therefore, the total amount paid in interest would be $214.58.
Answer:
0.1151 = 11.51% probability of completing the project over 20 days.
Step-by-step explanation:
Normal Probability Distribution
Problems of normal distributions can be solved using the z-score formula.
In a set with mean and standard deviation
, the z-score of a measure X is given by:
The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the p-value, we get the probability that the value of the measure is greater than X.
Expected completion time of the project = 22 days.
Variance of project completion time = 2.77
This means that
What is the probability of completing the project over 20 days?
This is the p-value of Z when X = 20, so:
has a p-value of 0.1151.
0.1151 = 11.51% probability of completing the project over 20 days.