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Ainat [17]
2 years ago
13

If A college student purchased a used car for $4000. He paid 8% down and then paid 18 monthly payments of $216.79. Determine the

APR of the loan to the nearest one-half of a percent.

Mathematics
1 answer:
horrorfan [7]2 years ago
7 0

There is no explicit formula for interest rate, so it must be found by some sort of solver. Here a TI-84 work-alike calculator financial app has been used to find the interest rate (APR) to be 7.5%.

The loan amount is 4000 less 8% of 4000, which is .08*4000 = 320. That is, the loan amount is 4000 -320 = 3680.

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A distribution of probabilities for random outcomes of a bivariate or dichotomous random variable is called a Group of answer ch
slega [8]

A distribution of probabilities for random outcomes of bivariate or dichotomous random variables is called (A) binomial probability distribution.

<h3>What is a binomial probability distribution?</h3>
  • The binomial distribution with parameters n and p in probability theory and statistics is the discrete probability distribution of the number of successes in a succession of n separate experiments, each asking a yes-no question and each with its own Boolean-valued outcome: success or failure.
  • The binomial distribution is widely used to describe the number of successes in a sample of size n selected from a population of size N with replacement.
  • If the sampling is done without replacement, the draws are not independent, and the resulting distribution is hypergeometric rather than binomial.
  • Binomial probability distribution refers to a distribution of probabilities for random outcomes of bivariate or dichotomous random variables.

As the description itself says, binomial probability distribution refers to a distribution of probabilities for random outcomes of bivariate or dichotomous random variables.

Therefore, a distribution of probabilities for random outcomes of bivariate or dichotomous random variables is called (A) binomial probability distribution.

Know more about binomial probability distribution here:

brainly.com/question/9325204

#SPJ4

Complete question:

A distribution of probabilities for random outcomes of bivariate or dichotomous random variables is called a ______.

Group of answer choices

(A) binomial probability distribution

(B) distribution of expected values

(C) random variable distribution

(D) mathematical expectation

5 0
2 years ago
What is the mean of this set {6,7,9,9,9}​
Naya [18.7K]

Answer:

8

Step-by-step explanation:

To find the mean, or average of a data set, add all the values together, then divide by the number of values.

The data set is: 6,7,9,9,9

1. Add all the values

Add 6,7,9,9 and 9

6+7+9+9+9

40

2. Divide by the number of values

Count how many numbers are in the data set. In this case, there are 5 numbers.

Divide 40 by 5.

40/5

8

The mean of the data set is 8.

7 0
3 years ago
Read 2 more answers
I thought of number J, and then subtracted half of it from 34.
SpyIntel [72]

Answer:

12 hope this help out dude

3 0
3 years ago
A basketball player attempts 15 baskets in a game. He makes 9 of the attempted baskets. Which ratio describes the
r-ruslan [8.4K]

Answer:

9/15

Step-by-step explanation:

3 0
3 years ago
Which of the following correctly uses absolute value to show the distance between -60 and 13? (5 points)
Sauron [17]

Answer:

l-60 – 13| = |-73| = 73 units

Step-by-step explanation:

Required

Distance between -60 and 13

Using absolute values, distance is calculated as:

Distance = |Start - End|

Where

Start = -60

End = 13

So, we have:

Distance = |-60 - 13|

Distance = |-73|

Take absolute value of -73

Distance = 73

<em>Hence, option A answers the question</em>

4 0
2 years ago
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