<span>Out
of 50 customers surveyed, 22 of them stated that they would buy a protection
plan.
On the next day, 700 customers came.
Let’s predict how many of them would probably buy the protection plan.
Ratio = 50 : 22 = 700 : x
=> 700 * 22 = 15 400
=> 15 400 / 50 = 308
Thus, if 700 customer came in the next day, around 308 of the customers will
buy life plan.</span>
<span>Answer:
The credit card issuer will show APR which is 22.08% and not effective rate of interest.
This is because Effective rate, when calculated with the formula given below will come as 24.67% which is 2.59% more and hence will make customers feel that they are paying more.
r = [ { (1+ i / n) ^ (n) } - 1] * 100
Where i = APR/100
n = number of compounding periods which is 365 in this case as compounding is done daily.
[ { (1+ 0.2208 / 365) ^ (365) }- 1] * 100</span>
Answer:
Taylor is closest to the table
Step-by-step explanation:
I divided 64, 4, 7, 0.615, and 001 01 and got 1.876 so i figured out that that is half of 64%. So that gave me an idea that Taylor was closest to the table.
Do you have a picture of the graphs to choose from? :)