How can the growth in the chart best be described?
1 answer:
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Answer:
- time: t = -0.3
- minimum: v = 0.55
Step-by-step explanation:
For quadratic ax^2 + bx + c, the extreme value is found at x=-b/(2a). For your quadratic, the minimum is found at ...
t = -(3)/(2(5))
t = -0.3 . . . . . time of minimum velocity
__
The value of velocity at that time is ...
v = 5(-0.3)^2 +3(-0.3) +1 = 5(.09) -.9 +1
v = 0.55 . . . . . value of minimum velocity
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.