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Answer:
Yes, Cam's costs proportional to the number of votes he receives.
Step-by-step explanation:
It is given that Cam is a corrupt politician. Nobody votes for him except those he pays to do so. It costs Cam exactly $100 to buy each vote.
Let the number of votes he get be x.
Then the total cost of Cam is
... (1)
Where, C is Cam's costs and x is number of votes he receives.
Two variables are proportional to each other if
... (2)
Where k is constant of proportionality.
Since equation (1) and (2) and similar and the constant of proportionality is 100, therefore we say that Cam's costs proportional to the number of votes he receives.
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.