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3 years ago

10

Why is the APR considered the most important factor to be mindful of in a car loan?

2 answers:

nirvana33 [79]3 years ago

3 0

The correct answer is
<span>A. The APR helps a customer determine the true cost of the loan, allowing them to compare many loans and choose the most advantageous one.</span>

tester [92]3 years ago

3 0

Answer:

A. The APR helps a customer determine the true cost of the loan, allowing them to compare many loans and choose the most advantageous one.

Step-by-step explanation:

When choosing a loan, we have to consider the amount of interest we will pay. The amount we will actually pay for the loan depends on how high or low the interest rate, or APR, is.

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2 years ago

Blood type AB is the rarest blood type, occurring in only 4% of the population in the United States. In Australia, only 1.5% of

Umnica [9.8K]

Answer:

a. X is a binomial random variable with n = 50 and p = 0.04

b. Y is a binomial random variable with n = 40 and p = 0.015

Step-by-step explanation:

Binomial probability distribution

The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.

$P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}$

In which $C_{n,x}$ is the number of different combinations of x objects from a set of n elements, given by the following formula.

$C_{n,x} = \frac{n!}{x!(n-x)!}$

And p is the probability of X happening.

X: the number of US residents (out of 50) with blood type AB.

Blood type AB is the rarest blood type, occurring in only 4% of the population in the United States

This means that $p = 0.04, n = 50$

Y: the number of Australians (out of 40) with blood type AB.

In Australia, only 1.5% of the population has blood type AB.

This means that $p = 0.015, n = 40$

Z: the total number of individuals (out of 90) with blood type AB.

Here

$n = 90, p = 0.04*\frac{50}{90} + 0.015*\frac{40}{90} = 0.0289$

Which of the following is true about the random variables X, Y, and Z?

Options a and b are true, while c is false.

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3 years ago