Answer:
Alvin should pay off the unpaid money.
Explanation:
The Alvin should pay off the balance of credit card with his extra money because the interest rate charged by the bank on the unpaid balance is very high (18 %) and the interest rate on saving is 1 % which is very low. If the unpaid balance will not be paid then Alvin’s extra money will go into the payment of interest rate. So, at first thing he should pay off the unpaid money.
Answer: C. Law of Large Numbers
Explanation:
The law of large numbers, posits that as the sample size grows, the mean of the samples will be closer to the average that's meant for the entire population.
According to the law of large numbers, when an experiment is repeated so many times, and then the results are averaged, the value that one gets will be close to the expected value.
In insurance, the more companies that are insured by the insurance company, the more likely they will b able to predict the percentage of losses over a given period of time.
Having too little money and credit often means the level of money someone is borrowing is high. So they have little money and are paying finance charges. Second it becomes harder to take advantage of oppurtunities, so changing the situation is a challenge.
