Which method used to calculate finance charges is most favorable to the card issuer?

Mathematics

2 answers:

raketka [301]3 years ago

7 0

Answer:

usual balance

Step-by-step explanation:

Ivenika [448]3 years ago

4 0

Answer: c. previous balance method

The method used by credit card companies to calculate finance charges in which it is most favorable to the card issuer is the previous balance method. This is computed by charging the interest into the new billing period. This is least favorable to cardholder thus, most favorable to card issuer.

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some psychologists believe that a genius should be defined as anyone having an IQ over 140. If IQ scores are normally distribute

denis23 [38]

Answer:

61,239,550

Step-by-step explanation:

We let the random variable X denote the IQ scores. This would imply that X is normal with a mean of 100 and standard deviation of 17. We proceed to determine the probability that an individual chosen at random from the population would be a genius, that is;

Pr( X>140)

The next step is to evaluate the z-score associated with the IQ score of 140 by standardizing the random variable X;

$Pr(X>140)=Pr(Z>\frac{140-100}{17})=Pr(Z>2.3529)$