Answer:
Step-by-step explanation:
Given
Required
Determine the total miles
Convert to improper fractions
Take LCM
Float rate_of_pay a declaration for a variable rate_of_pay that can hold values like 11.50 or 12.75.
What is float rate_of_pay?
- In contrast to fixed (or unchangeable) interest rates, floating interest rates change on a regular basis. Companies that offer credit cards and mortgages frequently use floating rates.
- Floating rates follow the market, a benchmark interest rate, an index, or both.
Is a fixed or floating rate preferable?
- In a rising rate environment, banks offer fixed rate loans at a higher rate than variable rate loans in order to profit more from the latter when rates rise.
- Fixed rate loans may have interest rates that are 300–350 basis points higher than floating rate loans.
float rate_of_pay
rate_of_pay = 11.50, 12.75;
Learn more about Float rate_of_pay
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Answer:
It helps you know if the answer is reasonable because when you do the work and get your answer, you can check if it is close to your estimate, and if it is, it is most likely correct. On the other hand if it is not close to the estimate it is most likely wrong, unless you estimated incorrectly.
Step-by-step explanation:
Answer:
A.
mean = 724.2
Median = 715
Mode = 768
B.
Range = 85
Standard deviation = 29.30
C.
Interval = [665.6, 782.8]
Step-by-step explanation:
Number of samples n = 25
Summation X= 769 + 691 + 699 +730+711+ 765+ 702 718 +719 +712+ 768 +688 +757+695 768 +735 +709 +758 +708+ 693 +736 700+ 687 +772 +715 = 18105
A.
1. Mean = 18105/25
= 724.2
2. Median is the middle value when arranged from the least value to the highest = 715
3. Mode is the number with the highest frequency = 768 (occured two times)
B.
1. Range = highest value - lowest value
Highest value = 772
Lowest value = 687
772-687 = 85
2. Standard deviation = √(X-barX)²/n-1
= √20604/25-1
=√858.5
= 29.30
Please check attachment for the full calculation of the standard deviation
C.
Interval
[Mean - 2(sd), mean + 2(sd)]
= [724.2-2x29.3, 724.2+2x29.3]
=[665.6, 782.8]
