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Oxana [17]
3 years ago
5

What is the finance charge?

Mathematics
1 answer:
KengaRu [80]3 years ago
3 0

Answer:

Finance charge = $2.39

Step-by-step explanation:

A finance charge is the cost of borrowing money, including interest and other fees. It can be a percentage of the amount borrowed or a flat fee charged by the company.

In the given question we will calculate the amount of the finance charge

Finance charge= Previous balance×(Annual rate÷12months)

Finance charge=179.32×(16/100÷12months)

Finance charge=179.32×(0.16÷12months)

Finance charge=179.32× 0.0133

=$2.39

New balance= previous balance-payments/credit+finance charge+New purchases

New balance=179.32−85+2.39+117.42

=$214.13

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3)    4 ,    3
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5)    6 ,    3
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8)    9 ,    2

Mean of Variable A.
(2 + 2 + 4 + 5 + 6 + 7 + 8 + 9) ÷ 8 = 43 ÷ 8 = 5.375   OR  5.40

Mean is the average value of the data set. Add all the numbers in the data set and divide its sum by its count.

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Answer:

Step-by-step explanation:

Step 1. Calculate the measures of center (mean and median)

Mean= Average= All data values added together then divided by number of data values.

Median = middle of numbers

  • 0:  1
  • 4:  3
  • 5:  8
  • 6:  3
  • 7:   1
  • 8:  5
  • 9:  2
  • 10: 3

So, number of data values = 3+2+5+1+3+8+3+1= 26

Data values added together = 0 + 4+4+4+5+5+5+5+5+5+5+5+6+6+6+7+8+8+8+8+8+9+9+10+10+10= 165

<u>165/26= 6.34615384</u>

<u>Average = 6.3</u>

Median: Arrange numbers from least to greatest and eliminate one on both sides until you get a middle number:

0 , 4,4,4,5,5,5,5,5,5,5,5,6,6,6,7,8,8,8,8,8,9,9,10,10,10

<u>The median is 6</u>.

Step 2: Calculate range, IQR, and MAD

Range: Maximum- minimum

IQR: The IQR is the difference between Q3 and Q1.

Q1 is the middle value in the first half of the data set.

Q3 is the middle value in the second half of the data set.

MAD:

  1. Take the average.
  2. Find the distance of each value from that mean (difference between data values and mean) , then take absolute value of that distance.
  3. Find the mean of those distances.

Range: 10-0= 10

IQR: 3

MAD (population) : 1.9378698224852

MAD (sample) : 1.9378698224852

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