Tom:
Previous balance: 2,452.64
payment: 160
new transaction: 138
APR: 15.6%
We need to divide APR by 12 to get the monthly rate: 15.6% / 12 = 1.3%
2,452.64 - 160 = 2,292.64
2,292.64 * 1.3% = 29.80 interest for the month. We did not include 138 because it still is within the 1 month period and it is not subject to interest. Only the revolving amount of 2,292.64 has interest.
2,292.64 + 29.80 + 138 = 2,460.44 NEW BALANCE OF TOM
Marco:
Unpaid credit card balance: 4,332.75
APR: 18.6%
New transaction: 432
Divide APR by 12 to get the monthly rate: 18.6% / 12 = 1.55%
4,332.75 * 1.55% = 67.16
4,332.75 + 67.16 + 432 = 4,831.91 NEW BALANCE OF MARCO
The mean is just the arithmetic average...
Sample A=8.1
Sample B=8.11
Both Samples=8.105
So Ryan would be closer to being correct given either of or both samples.
Answer:
1.79 of cold drink
Step-by-step explanation:
Answer:
269
Step-by-step explanation:
The margin of Error is E = 0.05
The level of significance is, α = 1 - confidence level = 1 - 0.9 = 0.1
Assume that the proportion is, p =0.5
From the standard normal table, observe that the critical value of Z for two tail test and 10% level of significance is 1.64
The calculation of sample size is as follows: n = (Z/E)²p(1-p)
n = (1.64/0.05)²0.5 (1 - 0.5)
n = (1.64/0.05)² 0.25
n = 1075.84 × 0.25
n = 268.96 ≈ 269
The required sample size with the given margin of error approximately is 269. This value indicates the size of the customers who are using this company’s products.
