Helpppppppppppppppp i got 2 wrong helpppppppppppppppppppppppppp ): if you help be would be branilst

“I really feel like it’s time for me to get a credit card. I learned how important

Gennadij [26K]

The first misconception is that the balance shouldn't be paid off in full in order to boost the credit score. This is simply not true. You can pay off all of the balance and it will actually improve the score. The score reflects the ability to pay borrowed money back. A credit card is basically a micro-loan of sorts. So if George pays off the balance, he's paying back the credit card company and that tells the company (and others) that his ability to pay is good. Plus it tells about his priorities which is what the credit score indirectly indicates. Other companies will see that George can pay the money back, so they'll be more eager to lend to him.

The other misconception is that being late is fine and improving the payment habits is what brings up the score. This is murky gray area and somewhat true but also somewhat false. What happens is that if you are late then your score goes down by some amount. When you improve the payment habits, the score goes back up. Whether it goes back to the original value or larger depends on the situation. So the second claim George makes is technically true, but there's broader context to consider. It's similar to how if you shoot yourself in the foot in some videogame, and then let your foot heal up, then you're increasing health points. The first act shouldn't have needed to happen and it reflects a weird backwards thinking. If anything, it wastes time where George could have simply been improving the score (rather than decrease it only to increase it back).

The reality is that keeping up with the payments in a timely fashion is what keeps the credit score healthy. Once again, the score reflects someone's ability to pay back borrowed money. It applies to any kind of loan, which a credit card is a part of.

-----------------

In short, George is mistaken by two claims he makes

Not paying off the balance in full improves the credit score
Being late on payments, and then improving payment habits, will increase the credit score

When in reality keeping up with payments and paying off the balance will improve the credit score. There's no need to hinder oneself on purpose in the goal of improving from that contrived setback.

Side note: the credit card company wants you to carry a balance so they can charge interest on said balance. That's how they make most of their money. However, even if you go against the wishes of the credit card company, they won't ding you credit score points for paying off the balance in full.

5 0

2 years ago

Use the sample information 11formula13.mml = 37, σ = 5, n = 15 to calculate the following confidence intervals for μ assuming th

bija089 [108]

Answer & Step-by-step explanation:

The confidence interval formula is:

I (1-alpha) (μ)= mean+- [(Z(alpha/2))* σ/sqrt(n)]

alpha= is the proposition of the distribution tails that are outside the confidence interval. In this case, 10% because 100-90%

σ= standard deviation. In this case 5

mean= 37

n= number of observations. In this case, 15

(a)

Z(alpha/2)= is the critical value of the standardized normal distribution. The critical valu for z(5%) is 1.645

Then, the confidence interval (90%):

I 90%(μ)= 37+- [1.645*(5/sqrt(15))]

I 90%(μ)= 37+- [2.1236]

I 90%(μ)= [37-2.1236;37+2.1236]

I 90%(μ)= [34.8764;39.1236]

(b)

Z(alpha/2)= Z(2.5%)= 1.96

Then, the confidence interval (90%):

I 95%(μ)= 37+- [1.96*(5/sqrt(15)) ]

I 95%(μ)= 37+- [2.5303]

I 95%(μ)= [37-2.5303;37+2.5303]

I 95%(μ)= [34.4697;39.5203]

(c)

Z(alpha/2)= Z(0.5%)= 2.5758

Then, the confidence interval (90%):

I 99%(μ)= 37+- [2.5758*(5/sqrt(15))

I 99%(μ)= 37+- [3.3253]

I 99%(μ)= [37-3.3253;37+3.3253]

I 99%(μ)= [33.6747;39.3253]

(d)

C. The interval gets wider as the confidence level increases.

8 0

3 years ago

Please help me it is due tonight

Aneli [31]

Answer: with what

Step-by-step explanation:

8 0

3 years ago

the number of hours,h, it takes to wash c numbers of cars at a school fundraiser is inversely proportional to the number of stud

Alex787 [66]

$\bf \qquad \qquad \textit{inverse proportional variation}
\\\\
\textit{\underline{y} varies inversely with \underline{x}}\qquad \qquad y=\cfrac{k}{x}\impliedby 
\begin{array}{llll}
k=constant\ of\\
\qquad variation
\end{array}\\\\
-------------------------------\\\\
\stackrel{\textit{\underline{h}ours to wash a car, is inversely proportional to \underline{s}tudents working on it}}{h=\cfrac{k}{s}}$

3 0

3 years ago

Which of the following coordinates exists on the line y = 2x - 4?

Artyom0805 [142]

The coordinate is (1,-2)

3 0

3 years ago

Read 2 more answers